Affordable Housing In Ada
Pontotoc County, Oklahoma

14 Low Income Apartment Communities In Ada

Legacy Senior Residences Ada

1929 North Country Club Road
Ada, OK
$331-780
1-2 BR
62+
Accessible
HCV Welcome

Cottage Lane Apartments

1318 Nadine Dr
Ada, OK
Accessible
Subsidized

Woodlands Apartments I

2820 Arlington St
Ada, OK
Call For Rent
1 BR
Accessible
Disabled Supportive Housing
Subsidized

Big Five Ada Housing

702 W 1st St
Ada, OK
Accessible
Disabled Supportive Housing
Subsidized

Rolling Meadows of Ada, Ltd

1300 Kerr Lab Rd
Ada, OK
Subsidized

Ada Square, Lp

2001 B St
Ada, OK
HCV Welcome

The Lindens Apartments

1301 N Oak Ave
Ada, OK
HCV Welcome

Meadow View Apartments

700 W 1st St
Ada, OK
Subsidized

Oxford Square Apartments

908 N Country Club Rd
Ada, OK
Subsidized

Ada Village Apartments

1100 Kerr Lab Rd
Ada, OK
Subsidized

Housing Authorities that serve Ada

Housing Authority Programs
Housing Authority of the City of Ada Section 8 Housing Choice Voucher (HCV); Public Housing
Oklahoma Housing Finance Agency Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Ada, Oklahoma

There are 14 low income housing apartment communities offering 735 affordable apartments for rent in Ada, Oklahoma. Ada features 533 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 202 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Ada.

Sourced from federal housing data and AffordableHousingOnline.com research.

Ada, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 735
Total Housing Units with Rental Assistance 533
Percentage of Housing Units Occupied By Renters 52.17%
Average Renter Household Size 2.12
Average Household Size 2.26
Median Household Income $35,330 ±$3,305
Median Rent $626 ±$19
Percentage Of Renters Overburdened 45.08% ± 4.28pp
Total Population 17,149

Population and Household Demographics

Ada is a City in Pontotoc County, Oklahoma with a population of 17,149. There are 7,088 households in the city with an average household size of 2.26 persons. 52.17% of households in Ada are renters.

Income and Rent Overburden in Ada

The median gross income for households in Ada is $35,330 a year, or $2,944 a month. The median rent for the city is $626 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ada, a household making less than $2,087 a month would be considered overburdened when renting an apartment at or above the median rent. 45.08% of households who rent are overburdened in Ada.1

Area Median Income In Ada

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 Ada, the AMI is calculated from all households within Pontotoc County.

In Ada, HUD calculates the Area Median Income for a family of four as $60,300

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 Ada

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 Ada HUD Rental Assistance in Ada

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,700 $16,910 $21,330 $25,750 $30,170 $34,590 $37,400 $39,800
50% of Median $21,150 $24,150 $27,150 $30,150 $32,600 $35,000 $37,400 $39,800
80% of Median $33,800 $38,600 $43,450 $48,250 $52,150 $56,000 $59,850 $63,700
Low Income Housing Tax Credits in Ada

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

From 1993 to 2011, 7 low income apartment communities containing 262 rental apartments have been constructed and made affordable to low income persons in Ada 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 Ada

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $21,150 $24,150 $27,150 $30,150 $32,600 $35,000 $37,400 $39,800
60% of Median $25,380 $28,980 $32,580 $36,180 $39,120 $42,000 $44,880 $47,760

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 Ada is $32,580 a year, or $2,715 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,715 by 30% to get a maximum rent of $815 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% $529 $566 $679 $784 $875 $965
60% $635 $680 $815 $941 $1,050 $1,158
Fair Market Rents in Ada

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
$481 $544 $712 $941 $976