Affordable Housing In Lima
Allen County, Ohio

29 Low Income Apartment Communities In Lima

Wilshire Place Apartments

1500 Deerfield Dr
Lima, Ohio
Income Based
2-3 BR
Subsidized

New Lima Homes

1910 W. Robb Avenue
Lima, Ohio
$563-734
4 BR

Lima Towers

790 S Main St
Lima, Ohio
Call For Rent
1 BR
Subsidized

Lima Apartments

760 E 4th Street
Lima, Ohio
Call For Rent
1-2 BR
Subsidized

43 Town Square

43 Town Square
Lima, Ohio
1 BR

Spring Street Senior Lofts

656 W Spring St
Lima, Ohio
1 BR

Maplewood Apartments

531 Brower Rd
Lima, Ohio
Call For Rent
1-3 BR
Subsidized

Greenway Apartments

710 N Main St
Lima, Ohio
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Nwc Corporation

1404 N West St
Lima, Ohio
Subsidized
62+
Accessible
Elderly Supportive Housing

Robin Rogers Apartments

990 W Robb Ave
Lima, Ohio
Subsidized
62+
Accessible
Elderly Supportive Housing

Section 8 Vouchers, Apartments, and Waiting Lists in Lima, Ohio

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 Lima, Ohio

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

Guide To Affordable Housing in Lima, Ohio

There are 29 low income housing apartment communities offering 2,000 affordable apartments for rent in Lima, Ohio.

Income Based Apartments in Lima, Ohio

Lima features 1,203 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 Lima, Ohio

There are 737 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lima.

Housing Choice Vouchers in Lima, Ohio

On average, Section 8 Housing Choice vouchers pay Lima landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Lima.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lima, Ohio for a two-bedroom apartment is between $690 and $844.

2022 Lima, Ohio 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
Lima, Ohio Fair Market Rent $567 $622 $767 $999 $1,120
Lima, Ohio Payment Standard Range $510 to $624 $560 to $684 $690 to $844 $899 to $1,099 $1,008 to $1,232

Sourced from federal housing data and AffordableHousingOnline.com research.

Lima, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 29
Total Low Income Apartments 2,000
Total Housing Units with Rental Assistance 1,203
Percentage of Housing Units Occupied By Renters 54.63%
Average Renter Household Size 2.46
Average Household Size 2.53
Median Household Income $29,922 ±$1,631
Median Rent $608 ±$17
Percentage Of Renters Overburdened 53.42% ± 4.39pp
Total Population 38,232

Population and Household Demographics

Lima is a city in Allen County, Ohio with a population of 38,232. There are 14,029 households in the city with an average household size of 2.53 persons. 54.63% of households in Lima are renters.

Income and Rent Overburden in Lima

The median gross income for households in Lima is $29,922 a year, or $2,494 a month. The median rent for the city is $608 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lima, a household making less than $2,027 a month would be considered overburdened when renting an apartment at or above the median rent. 53.42% of households who rent are overburdened in Lima.

Area Median Income In Lima

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 Lima, the AMI is calculated from all households within Allen County.

In Lima, HUD calculates the Area Median Income for a family of four as $77,300

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 Lima

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 Lima

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 Lima AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,600 $18,310 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Lima AMI may qualify for rental assistance programs that target Very Low Income households.
$25,950 $29,650 $33,350 $37,050 $40,050 $43,000 $45,950 $48,950
80% AMI Income Limits
Renters earning up to 80% of the Lima AMI may qualify for rental assistance programs that target Low Income households.
$41,550 $47,450 $53,400 $59,300 $64,050 $68,800 $73,550 $78,300