Affordable Housing In Catawba County
North Carolina
34 Low Income Apartment Communities In Catawba County
Lutherhaus
Arc Hds Catawba Co Gh 1
Housing Authorities that serve Catawba County
| Housing Authority | Programs |
|---|---|
| Western Piedmont Council of Governments Regional Housing Authority | Section 8 Housing Choice Voucher (HCV) |
Other Housing Authorities located in Catawba County
| Housing Authority | Programs |
|---|---|
| City of Hickory Public Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Section 8 Project-Based Rental Assistance (PBRA); Rental Assistance Demonstration (RAD) |
Guide To Affordable Housing in Catawba County, North Carolina
There are 34 low income housing apartment communities offering 1,542 affordable apartments for rent in Catawba County, North Carolina. Catawba County features 861 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 681 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Catawba County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Catawba County, NC Affordable Housing Snapshot
| Total Affordable Apartment Properties | 34 |
|---|---|
| Total Low Income Apartments | 1,542 |
| Total Housing Units with Rental Assistance | 861 |
| Percentage of Housing Units Occupied By Renters | 30.55% |
| Average Renter Household Size | 2.46 |
| Average Household Size | 2.59 |
| Median Household Income | $44,376 ±$1,522 |
| Median Rent | $672 ±$11 |
| Percentage Of Renters Overburdened | 42.46% ± 3.18pp |
| Total Population | 154,610 |
Population and Household Demographics
Catawba County is a County in North Carolina with a population of 154,610. There are 58,641 households in the county with an average household size of 2.59 persons. 30.55% of households in Catawba County are renters.
Income and Rent Overburden in Catawba County
The median gross income for households in Catawba County is $44,376 a year, or $3,698 a month. The median rent for the county is $672 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Catawba County, a household making less than $2,240 a month would be considered overburdened when renting an apartment at or above the median rent. 42.46% of households who rent are overburdened in Catawba County.1
Area Median Income In Catawba 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 Catawba County, 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 Catawba 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 Catawba County HUD Rental Assistance in Catawba County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% of Median | $12,490 | $16,910 | $21,330 | $25,750 | $29,850 | $32,050 | $34,250 | $36,450 |
| 50% of Median | $19,350 | $22,100 | $24,850 | $27,600 | $29,850 | $32,050 | $34,250 | $36,450 |
| 80% of Median | $30,950 | $35,350 | $39,750 | $44,150 | $47,700 | $51,250 | $54,750 | $58,300 |
Low Income Housing Tax Credits in Catawba County
The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.
From 1988 to 2006, 6 low income apartment communities containing 180 rental apartments have been constructed and made affordable to low income persons in Catawba 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 Catawba County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 50% of Median | $19,350 | $22,100 | $24,850 | $27,600 | $29,850 | $32,050 | $34,250 | $36,450 |
| 60% of Median | $23,220 | $26,520 | $29,820 | $33,120 | $35,820 | $38,460 | $41,100 | $43,740 |
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 Catawba County is $29,820 a year, or $2,485 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,485 by 30% to get a maximum rent of $746 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% | $484 | $518 | $621 | $718 | $801 | $884 |
| 60% | $581 | $622 | $746 | $862 | $962 | $1,061 |
Fair Market Rents in Catawba 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.
2020 Fair Market Rents
| Studio | One BR | Two BR | Three BR | Four BR |
|---|---|---|---|---|
| $569 | $573 | $712 | $918 | $1,035 |
Cities In Catawba County
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