Affordable Housing In Cadiz
Harrison County, Ohio

5 Low Income Apartment Communities In Cadiz

The Gables at Countryside Lane

600 Countryside Ln
Cadiz, OH
1-2 BR
HCV Welcome

Bingham Terrace

451 N Main St
Cadiz, OH

East Cntrl Rural Ohio Housing - N - B - 98 - 493 - 1

200 Countryside Ln
Cadiz, OH
HCV Welcome

Stoney Ridge Homes

504 Countryside Ln
Cadiz, OH
HCV Welcome

Gables at Country Side Lane II

660 Countryside Ln
Cadiz, OH
HCV Welcome
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There are 5 low income housing apartment complexes which contain 157 affordable apartments for rent in Cadiz. Many of these rental apartments are income based housing with 56 apartments that set rent based on your income. In Cadiz, HUD housing programs support 56 rental assistance apartments through programs like Project-based Section 8. There are 101 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Cadiz

Housing Authority Programs
Harrison Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Cadiz, Ohio

Cadiz, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 157
Total Rent Assisted Apartments 56
Percentage of Housing Units Occupied By Renters 31.76%
Average Renter Household Size 2.36
Total Population 3,258
Housing Units 1,275
Average Household Size 2.49
Median Household Income $42,645 ±$5,919
Median Rent $581 ±$86
Percentage Of Renters Overburdened 40.74% ± 15.43pp

Population and Household Demographics

Cadiz is a City in Harrison County, Ohio with a population of 3,258. There are 1,275 households in the city with an average household size of 2.49 persons. 31.76% of households in Cadiz are renters.

Income and Rent Overburden in Cadiz

The median gross income for households in Cadiz is $42,645 a year, or $3,554 a month. The median rent for the city is $581 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cadiz, a household making less than $1,937 a month would be considered overburdened when renting an apartment at or above the median rent. 40.74% of households who rent are overburdened in Cadiz.1

Area Median Income In Cadiz

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 Cadiz, the AMI is calculated from all households within Harrison County.

In Cadiz, HUD calculates the Area Median Income for a family of four as $57,400

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 Cadiz

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 Cadiz HUD Rental Assistance in Cadiz

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,750 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,200
50% of Median $22,900 $26,200 $29,450 $32,700 $35,350 $37,950 $40,550 $43,200
80% of Median $36,650 $41,850 $47,100 $52,300 $56,500 $60,700 $64,900 $69,050
Low Income Housing Tax Credits in Cadiz

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

From 2003 to 2010, 4 low income apartment communities containing 172 rental apartments have been constructed and made affordable to low income persons in Cadiz 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 Cadiz

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,900 $26,200 $29,450 $32,700 $35,350 $37,950 $40,550 $43,200
60% of Median $27,480 $31,440 $35,340 $39,240 $42,420 $45,540 $48,660 $51,840

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 Cadiz is $35,340 a year, or $2,945 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,945 by 30% to get a maximum rent of $884 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% $573 $614 $736 $851 $949 $1,047
60% $687 $737 $884 $1,021 $1,139 $1,256
Fair Market Rents in Cadiz

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
$498 $532 $682 $854 $1,001