North Deer Creek CO United Mgmt Dev

900 Bee Bee Ave
Hollandale, Mississippi
Rent Assisted

Community Circle

Rosenwald St
Hollandale, Mississippi

Sanders Estates Ltd CO United Mgmt Dev

1016 Sanderes St
Hollandale, Mississippi
Rent Assisted

Sanders and Sanders CO Southern Mgmt

628 N Morgan Ave
Hollandale, Mississippi
Rent Assisted

Community Circle Apartments

801 Rosenwald St
Hollandale, Mississippi
Rent Assisted

There are 84 low-income apartments in Hollandale that offer reduced rents to eligible households.

Rental assistance programs support 101 low-income homes in Hollandale where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $328 towards rent each month.

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Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Hollandale, Mississippi Affordable Housing Data

Income Based Apartments in Hollandale, Mississippi

Hollandale features 101 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Hollandale, Mississippi

There are 84 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hollandale.

Housing Choice Vouchers in Hollandale, Mississippi

On average, Section 8 Housing Choice vouchers pay Hollandale landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Hollandale.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hollandale, Mississippi for a two-bedroom apartment is between $689 and $843.

2023 Hollandale, Mississippi Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Hollandale, Mississippi Fair Market Rent $573 $641 $766 $1,028 $1,167
Hollandale, Mississippi Payment Standard Range $516 to $630 $577 to $705 $689 to $843 $925 to $1,131 $1,050 to $1,284

Sourced from federal housing data and research.

Hollandale, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 185
Total Housing Units with Rental Assistance 101
Percentage of Housing Units Occupied By Renters 40.91%
Average Renter Household Size 3.03
Average Household Size 2.70
Median Household Income $23,333 ±$5,408
Median Rent $519 ±$97
Percentage Of Renters Overburdened 49.75% ± 13.39pp
Total Population 2,621

Population and Household Demographics

Hollandale is a city in Washington County, Mississippi with a population of 2,621. There are 968 households in the city with an average household size of 2.70 persons. 40.91% of households in Hollandale are renters.

Income and Rent Overburden in Hollandale

The median gross income for households in Hollandale is $23,333 a year, or $1,944 a month. The median rent for the city is $519 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hollandale, a household making less than $1,730 a month would be considered overburdened when renting an apartment at or above the median rent. 49.75% of households who rent are overburdened in Hollandale.

Area Median Income In Hollandale

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Hollandale, the AMI is calculated from all households within Washington County.

In Hollandale, HUD calculates the Area Median Income for a family of four as $55,100

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Hollandale

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Hollandale

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Hollandale AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $33,600 $36,100 $38,600 $41,100
50% AMI Income Limits
Renters earning up to 50% of the Hollandale AMI may qualify for rental assistance programs that target Very Low Income households.
$21,800 $24,900 $28,000 $31,100 $33,600 $36,100 $38,600 $41,100
80% AMI Income Limits
Renters earning up to 80% of the Hollandale AMI may qualify for rental assistance programs that target Low Income households.
$34,850 $39,800 $44,800 $49,750 $53,750 $57,750 $61,700 $65,700