Affordable Housing In Hancock County
Ohio

25 Low Income Apartment Communities In Hancock County

Christla Gale Apartments

613 Scott Street
Mccomb, OH
$379-425
1-2 BR
Subsidized

Findlay Green

742 Longmeadow Ln
Findlay, OH
Income Based
2-3 BR
Subsidized

Senior Homes of Findlay

11815 Township Road 145
Findlay, OH
Call For Rent
1-2 BR
55+
HCV Welcome

Good Samaritan Manor

200 Powell Dr
Arlington, OH
62+
Accessible
Elderly Supportive Housing
Subsidized

Melrose Village

2201 Jennifer Ln
Findlay, OH
Subsidized

Findlay Commons

1901 Kirkwood Ct
Findlay, OH
Subsidized

Findlay Senior Towers

806 Bright Rd
Findlay, OH
Subsidized

Fostoria Green

1067 Carrie Ln
Fostoria, OH
Subsidized

Good Shepherd Housing

720 Chesapeake Ct
Fostoria, OH
62+
Accessible
Elderly Supportive Housing
Subsidized

Eco Village

1200 Peeler Dr
Fostoria, OH
Subsidized

Housing Authorities that serve Hancock County

Housing Authority Programs
Hancock Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Family Self-sufficiency

Guide To Affordable Housing in Hancock County, Ohio

There are 25 low income housing apartment communities offering 1,632 affordable apartments for rent in Hancock County, Ohio. Hancock County features 980 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 652 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Hancock County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Hancock County, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 25
Total Low Income Apartments 1,632
Total Housing Units with Rental Assistance 980
Percentage of Housing Units Occupied By Renters 29.38%
Average Renter Household Size 2.19
Average Household Size 2.37
Median Household Income $50,895 ±$1,503
Median Rent $679 ±$27
Percentage Of Renters Overburdened 39.84% ± 4.06pp
Total Population 75,428

Population and Household Demographics

Hancock County is a County in Ohio with a population of 75,428. There are 31,083 households in the county with an average household size of 2.37 persons. 29.38% of households in Hancock County are renters.

Income and Rent Overburden in Hancock County

The median gross income for households in Hancock County is $50,895 a year, or $4,241 a month. The median rent for the county is $679 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hancock County, a household making less than $2,263 a month would be considered overburdened when renting an apartment at or above the median rent. 39.84% of households who rent are overburdened in Hancock County.1

Area Median Income In Hancock 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 Hancock County, HUD calculates the Area Median Income for a family of four as $74,000

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 Hancock 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 Hancock County HUD Rental Assistance in Hancock County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,550 $17,800 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,900 $29,600 $33,300 $37,000 $40,000 $42,950 $45,900 $48,850
80% of Median $41,450 $47,400 $53,300 $59,200 $63,950 $68,700 $73,450 $78,150
Low Income Housing Tax Credits in Hancock 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 2011, 14 low income apartment communities containing 1,000 rental apartments have been constructed and made affordable to low income persons in Hancock 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 Hancock County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,900 $29,600 $33,300 $37,000 $40,000 $42,950 $45,900 $48,850
60% of Median $31,080 $35,520 $39,960 $44,400 $48,000 $51,540 $55,080 $58,620

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 Hancock County is $39,960 a year, or $3,330 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,330 by 30% to get a maximum rent of $999 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% $648 $694 $833 $963 $1,074 $1,184
60% $777 $833 $999 $1,155 $1,289 $1,421
Fair Market Rents in Hancock 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
$576 $580 $757 $1,018 $1,316

Cities In Hancock County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Findlay 13 The HUD funded Public Housing Agency that serves Findlay is the Hancock Metropolitan Housing Authority.
Fostoria 9 The HUD funded Public Housing Agency that serves Fostoria is the Hancock Metropolitan Housing Authority.
Mccomb 1 The HUD funded Public Housing Agency that serves Mccomb is the Hancock Metropolitan Housing Authority.
Arlington 1 The HUD funded Public Housing Agency that serves Arlington is the Hancock Metropolitan Housing Authority.
Rawson 1 The HUD funded Public Housing Agency that serves Rawson is the Hancock Metropolitan Housing Authority.
Arcadia 0 The HUD funded Public Housing Agency that serves Arcadia is the Hancock Metropolitan Housing Authority.
Benton Ridge 0 The HUD funded Public Housing Agency that serves Benton Ridge is the Hancock Metropolitan Housing Authority.
Jenera 0 The HUD funded Public Housing Agency that serves Jenera is the Hancock Metropolitan Housing Authority.
Mount Blanchard 0 The HUD funded Public Housing Agency that serves Mount Blanchard is the Hancock Metropolitan Housing Authority.
Mount Cory 0 The HUD funded Public Housing Agency that serves Mount Cory is the Hancock Metropolitan Housing Authority.
Van Buren 0 The HUD funded Public Housing Agency that serves Van Buren is the Hancock Metropolitan Housing Authority.
Vanlue 0 The HUD funded Public Housing Agency that serves Vanlue is the Hancock Metropolitan Housing Authority.