Affordable Housing In Putnam County
Ohio
9 Low Income Apartment Communities In Putnam County
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Housing Authorities that serve Putnam County
| Housing Authority | Programs |
|---|---|
| Hancock Metropolitan Housing Authority | Section 8 Housing Choice Voucher (HCV); Family Self-sufficiency |
| Allen Metropolitan Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
Guide To Affordable Housing in Putnam County, Ohio
According to federal housing data and AffordableHousingOnline.com research, there are 9 low income housing apartment communities offering 394 affordable apartments for rent in Putnam County, Ohio. Putnam County features 118 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 184 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Putnam County.
Putnam County, OH Affordable Housing Snapshot
| Total Affordable Apartment Properties | 9 |
|---|---|
| Total Low Income Apartments | 394 |
| Total Housing Units with Rental Assistance | 118 |
| Percentage of Housing Units Occupied By Renters | 17.5% |
| Average Renter Household Size | 2.25 |
| Average Household Size | 2.60 |
| Median Household Income | $60,524 ±$1,616 |
| Median Rent | $684 ±$30 |
| Percentage Of Renters Overburdened | 30.53% ± 5.69pp |
| Total Population | 34,184 |
Population and Household Demographics
Putnam County is a County in Ohio with a population of 34,184. There are 13,049 households in the county with an average household size of 2.60 persons. 17.5% of households in Putnam County are renters.
Income and Rent Overburden in Putnam County
The median gross income for households in Putnam County is $60,524 a year, or $5,044 a month. The median rent for the county is $684 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Putnam County, a household making less than $2,280 a month would be considered overburdened when renting an apartment at or above the median rent. 30.53% of households who rent are overburdened in Putnam County.1
Area Median Income In Putnam 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 Putnam County, HUD calculates the Area Median Income for a family of four as $76,000
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 Putnam 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 Putnam County HUD Rental Assistance in Putnam County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% of Median | $16,000 | $18,250 | $21,330 | $25,750 | $30,170 | $34,590 | $39,010 | $43,430 |
| 50% of Median | $26,600 | $30,400 | $34,200 | $38,000 | $41,050 | $44,100 | $47,150 | $50,200 |
| 80% of Median | $42,600 | $48,650 | $54,750 | $60,800 | $65,700 | $70,550 | $75,400 | $80,300 |
Low Income Housing Tax Credits in Putnam County
The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.
From 1991 to 2002, 3 low income apartment communities containing 104 rental apartments have been constructed and made affordable to low income persons in Putnam 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 Putnam County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 50% of Median | $26,600 | $30,400 | $34,200 | $38,000 | $41,050 | $44,100 | $47,150 | $50,200 |
| 60% of Median | $31,920 | $36,480 | $41,040 | $45,600 | $49,260 | $52,920 | $56,580 | $60,240 |
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 Putnam County is $41,040 a year, or $3,420 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,420 by 30% to get a maximum rent of $1,026 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% | $665 | $713 | $855 | $988 | $1,103 | $1,217 |
| 60% | $798 | $855 | $1,026 | $1,186 | $1,323 | $1,460 |
Fair Market Rents in Putnam 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 |
|---|---|---|---|---|
| $517 | $586 | $696 | $885 | $967 |
Cities In Putnam County
Select A City to View its Apartment Communities and Waiting Lists.
| City | Listings | Served By |
|---|---|---|
| Ottawa | 3 | The HUD funded Public Housing Agency that serves Ottawa is the Hancock Metropolitan Housing Authority. |
| Columbus Grove | 1 | The HUD funded Public Housing Agency that serves Columbus Grove is the Hancock Metropolitan Housing Authority. |
| Elmore | 1 | The HUD funded Public Housing Agency that serves Elmore is the Hancock Metropolitan Housing Authority. |
| Continental | 1 | The HUD funded Public Housing Agency that serves Continental is the Hancock Metropolitan Housing Authority. |
| Cloverdale | 0 | The HUD funded Public Housing Agency that serves Cloverdale is the Hancock Metropolitan Housing Authority. |
| Dupont | 0 | The HUD funded Public Housing Agency that serves Dupont is the Hancock Metropolitan Housing Authority. |
| Fort Jennings | 0 | The HUD funded Public Housing Agency that serves Fort Jennings is the Hancock Metropolitan Housing Authority. |
| Gilboa | 0 | The HUD funded Public Housing Agency that serves Gilboa is the Hancock Metropolitan Housing Authority. |
| Glandorf | 0 | The HUD funded Public Housing Agency that serves Glandorf is the Hancock Metropolitan Housing Authority. |
| Kalida | 0 | The HUD funded Public Housing Agency that serves Kalida is the Hancock Metropolitan Housing Authority. |
| Leipsic | 3 | The HUD funded Public Housing Agency that serves Leipsic is the Hancock Metropolitan Housing Authority. |
| Miller City | 0 | The HUD funded Public Housing Agency that serves Miller City is the Hancock Metropolitan Housing Authority. |
| Pandora | 0 | The HUD funded Public Housing Agency that serves Pandora is the Hancock Metropolitan Housing Authority. |
| West Leipsic | 0 | The HUD funded Public Housing Agency that serves West Leipsic is the Hancock Metropolitan Housing Authority. |
| Belmore | 0 | The HUD funded Public Housing Agency that serves Belmore is the Hancock Metropolitan Housing Authority. |
| Ottoville | 0 | The HUD funded Public Housing Agency that serves Ottoville is the Hancock Metropolitan Housing Authority. |
| Vaughnsville | 0 | The HUD funded Public Housing Agency that serves Vaughnsville is the Hancock Metropolitan Housing Authority. |
