Affordable Housing In Akron
Erie County, New York

2 Low Income Apartment Communities In Akron

Leisuretimers Apartments

364 Bloomingdale Rd
Akron, New York
Subsidized

The Cloisters

31 Westgate Ave
Akron, New York
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Section 8 Vouchers, Apartments, and Waiting Lists in Akron, New York

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Akron, New York

Housing Authority Programs
Buffalo Municipal Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Rental Assistance Corporation of Buffalo Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Akron, New York

There are 2 low income housing apartment communities offering 204 affordable apartments for rent in Akron, New York.

Income Based Apartments in Akron, New York

Akron features 44 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 Akron, New York

There are 160 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Akron.

Housing Choice Vouchers in Akron, New York

On average, Section 8 Housing Choice vouchers pay Akron landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Akron.

The maximum amount a voucher would pay on behalf of a low-income tenant in Akron, New York for a two-bedroom apartment is between $867 and $1,059.

2022 Akron, New York 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
Akron, New York Fair Market Rent $774 $812 $963 $1,190 $1,334
Akron, New York Payment Standard Range $697 to $851 $731 to $893 $867 to $1,059 $1,071 to $1,309 $1,201 to $1,467

Sourced from federal housing data and AffordableHousingOnline.com research.

Akron, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 204
Total Housing Units with Rental Assistance 44
Percentage of Housing Units Occupied By Renters 44.75%
Average Renter Household Size 2.08
Average Household Size 2.25
Median Household Income $47,311 ±$7,199
Median Rent $654 ±$105
Percentage Of Renters Overburdened 29.81% ± 14.21pp
Total Population 2,860

Population and Household Demographics

Akron is a city in Erie County, New York with a population of 2,860. There are 1,267 households in the city with an average household size of 2.25 persons. 44.75% of households in Akron are renters.

Income and Rent Overburden in Akron

The median gross income for households in Akron is $47,311 a year, or $3,943 a month. The median rent for the city is $654 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Akron, a household making less than $2,180 a month would be considered overburdened when renting an apartment at or above the median rent. 29.81% of households who rent are overburdened in Akron.

Area Median Income In Akron

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 Akron, the AMI is calculated from all households within Erie County.

In Akron, HUD calculates the Area Median Income for a family of four as $87,700

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 Akron

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 Akron

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 Akron AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,450 $21,050 $23,700 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Akron AMI may qualify for rental assistance programs that target Very Low Income households.
$30,700 $35,100 $39,500 $43,850 $47,400 $50,900 $54,400 $57,900
80% AMI Income Limits
Renters earning up to 80% of the Akron AMI may qualify for rental assistance programs that target Low Income households.
$49,150 $56,150 $63,150 $70,150 $75,800 $81,400 $87,000 $92,600