Affordable Housing In Lorain
Lorain County, Ohio

28 Low Income Apartment Communities In Lorain

Westlake Gardens

5009 W Erie Ave
Lorain, OH
Income Based
2-3 BR
Subsidized

Pearl Village Apartments

4221 Pearl Ave
Lorain, OH
HCV Welcome

Firelands Retirement Center

1025 W Erie Ave
Lorain, OH
55+
Subsidized

Sheffield Vistas

1480 Lincoln Boulevard
Lorain, OH

Berkshire Court

1615 E 29th St
Lorain, OH
Subsidized

Westgate Gardens

2927 Leavitt Rd
Lorain, OH
Subsidized

International Plaza

1825 Homewood Drive
Lorain, OH
Subsidized

Oberlin Manor

1220 W 37th St
Lorain, OH
Subsidized

Sacred Heart Manor

4285 Pearl Ave
Lorain, OH
62+
Accessible
Elderly Supportive Housing
Subsidized

Mil Sheffield

1480 Lincoln Blvd
Lorain, OH
Accessible
Disabled Supportive Housing
Subsidized

Housing Authorities that serve Lorain

Housing Authority Programs
Lorain Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Rental Assistance (PBRA)

Guide To Affordable Housing in Lorain, Ohio

There are 28 low income housing apartment communities offering 2,090 affordable apartments for rent in Lorain, Ohio. Lorain features 1,504 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 586 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Lorain.

Sourced from federal housing data and AffordableHousingOnline.com research.

Lorain, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 28
Total Low Income Apartments 2,090
Total Housing Units with Rental Assistance 1,504
Percentage of Housing Units Occupied By Renters 42.15%
Average Renter Household Size 2.53
Average Household Size 2.50
Median Household Income $35,042 ±$1,354
Median Rent $656 ±$18
Percentage Of Renters Overburdened 52.91% ± 4.26pp
Total Population 63,778

Population and Household Demographics

Lorain is a City in Lorain County, Ohio with a population of 63,778. There are 25,218 households in the city with an average household size of 2.50 persons. 42.15% of households in Lorain are renters.

Income and Rent Overburden in Lorain

The median gross income for households in Lorain is $35,042 a year, or $2,920 a month. The median rent for the city is $656 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lorain, a household making less than $2,187 a month would be considered overburdened when renting an apartment at or above the median rent. 52.91% of households who rent are overburdened in Lorain.1

Area Median Income In Lorain

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

In Lorain, 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 Lorain

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 Lorain HUD Rental Assistance in Lorain

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 Lorain

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

From 1993 to 2012, 12 low income apartment communities containing 580 rental apartments have been constructed and made affordable to low income persons in Lorain 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 Lorain

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 Lorain 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 Lorain

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
$585 $691 $849 $1,119 $1,174