Affordable Housing In Pershing County
Nevada

4 Low Income Apartment Communities In Pershing County

There are 4 low income housing apartment complexes which contain 137 affordable apartments for rent in Pershing County. Many of these rental apartments are income based housing with 73 apartments that set rent based on your income. In Pershing County, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 64 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Pershing County

Housing Authority	Programs
Nevada Rural Housing Authority	Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Rental Assistance (PBRA)

Guide To Affordable Housing in Pershing County, Nevada

Pershing County, NV Affordable Housing Snapshot

Total Affordable Apartment Properties	4
Total Low Income Apartments	137
Total Rent Assisted Apartments	73
Percentage of Housing Units Occupied By Renters	36.63%
Average Renter Household Size	2.38
Total Population	6,722
Housing Units	2,083
Average Household Size	2.29
Median Household Income	$45,230 ±$4,919
Median Rent	$607 ±$176
Percentage Of Renters Overburdened	35.65% ± 12.22pp

Population and Household Demographics

Pershing County is a County in Nevada with a population of 6,722. There are 2,083 households in the county with an average household size of 2.29 persons. 36.63% of households in Pershing County are renters.

Income and Rent Overburden in Pershing County

The median gross income for households in Pershing County is $45,230 a year, or $3,769 a month. The median rent for the county is $607 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pershing County, a household making less than $2,023 a month would be considered overburdened when renting an apartment at or above the median rent. 35.65% of households who rent are overburdened in Pershing County.¹

Area Median Income In Pershing County

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.

In Pershing County, HUD calculates the Area Median Income for a family of four as $53,100

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 Pershing County

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 Pershing County HUD Rental Assistance in Pershing County

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% of Median	$14,650	$16,910	$21,330	$25,750	$30,170	$34,590	$39,010	$43,430
50% of Median	$24,400	$27,900	$31,400	$34,850	$37,650	$40,450	$43,250	$46,050
80% of Median	$39,050	$44,600	$50,200	$55,750	$60,250	$64,700	$69,150	$73,600

Low Income Housing Tax Credits in Pershing County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1994 to 1998, 2 low income apartment communities containing 88 rental apartments have been constructed and made affordable to low income persons in Pershing County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Pershing County

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50% of Median	$24,400	$27,900	$31,400	$34,850	$37,650	$40,450	$43,250	$46,050
60% of Median	$29,280	$33,480	$37,680	$41,820	$45,180	$48,540	$51,900	$55,260

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Pershing County is $37,680 a year, or $3,140 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,140 by 30% to get a maximum rent of $942 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI	Studio	1 Bed	2 Bed	3 Bed	4 Bed	5 Bed
50%	$610	$654	$785	$906	$1,011	$1,116
60%	$732	$785	$942	$1,088	$1,214	$1,340

Fair Market Rents in Pershing County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents

Studio	One BR	Two BR	Three BR	Four BR
$450	$573	$700	$900	$1,100