Affordable Housing In Avon
Lorain County, Ohio

1 Low Income Apartment Communities In Avon

Timber Lake

1521 Rosewood Blvd
Avon, OH
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There are 1 low income housing apartment complexes which contain 252 affordable apartments for rent in Avon. Many of these rental apartments are income based housing with 0 apartments that set rent based on your income. In Avon, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 252 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Guide To Affordable Housing in Avon, Ohio

Avon, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 252
Total Rent Assisted Apartments 0
Percentage of Housing Units Occupied By Renters 20.67%
Average Renter Household Size 2.31
Total Population 22,046
Housing Units 7,955
Average Household Size 2.70
Median Household Income $81,474 ±$9,354
Median Rent $1,149 ±$77
Percentage Of Renters Overburdened 47.57% ± 14.41pp

Population and Household Demographics

Avon is a City in Lorain County, Ohio with a population of 22,046. There are 7,955 households in the city with an average household size of 2.70 persons. 20.67% of households in Avon are renters.

Income and Rent Overburden in Avon

The median gross income for households in Avon is $81,474 a year, or $6,790 a month. The median rent for the city is $1,149 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Avon, a household making less than $3,830 a month would be considered overburdened when renting an apartment at or above the median rent. 47.57% of households who rent are overburdened in Avon.1

Area Median Income In Avon

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 Avon, the AMI is calculated from all households within Lorain County.

In Avon, HUD calculates the Area Median Income for a family of four as $73,700

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 Avon

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 Avon HUD Rental Assistance in Avon

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,500 $17,700 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,800 $29,500 $33,200 $36,850 $39,800 $42,750 $45,700 $48,650
80% of Median $41,300 $47,200 $53,100 $58,950 $63,700 $68,400 $73,100 $77,850
Low Income Housing Tax Credits in Avon

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

From 2001 to 2001, 1 low income apartment communities containing 252 rental apartments have been constructed and made affordable to low income persons in Avon 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 Avon

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,800 $29,500 $33,200 $36,850 $39,800 $42,750 $45,700 $48,650
60% of Median $30,960 $35,400 $39,840 $44,220 $47,760 $51,300 $54,840 $58,380

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 Avon is $39,840 a year, or $3,320 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,320 by 30% to get a maximum rent of $996 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% $645 $691 $830 $958 $1,069 $1,179
60% $774 $830 $996 $1,150 $1,283 $1,415
Fair Market Rents in Avon

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
$569 $678 $836 $1,102 $1,158