Affordable Housing In Dewey County
Oklahoma

2 Low Income Apartment Communities In Dewey County

Silverwood Village Apartments

103 W 7th St
Seiling, OK
Subsidized

501 N Oak St

501 N Oak St
Seiling, OK
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Housing Authorities that serve Dewey County

Housing Authority Programs
Oklahoma Housing Finance Agency Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Dewey County

Housing Authority Programs
Housing Authority of the Town of Seiling Public Housing

Guide To Affordable Housing in Dewey County, Oklahoma

There are 2 low income housing apartment communities offering 54 affordable apartments for rent in Dewey County, Oklahoma. Dewey County features 54 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Dewey County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Dewey County, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 54
Total Housing Units with Rental Assistance 54
Percentage of Housing Units Occupied By Renters 27.07%
Average Renter Household Size 2.63
Average Household Size 2.57
Median Household Income $50,904 ±$2,718
Median Rent $618 ±$23
Percentage Of Renters Overburdened 11.18% ± 4.79pp
Total Population 4,863

Population and Household Demographics

Dewey County is a County in Oklahoma with a population of 4,863. There are 1,851 households in the county with an average household size of 2.57 persons. 27.07% of households in Dewey County are renters.

Income and Rent Overburden in Dewey County

The median gross income for households in Dewey County is $50,904 a year, or $4,242 a month. The median rent for the county is $618 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Dewey County, a household making less than $2,060 a month would be considered overburdened when renting an apartment at or above the median rent. 11.18% of households who rent are overburdened in Dewey County.1

Area Median Income In Dewey 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 Dewey County, HUD calculates the Area Median Income for a family of four as $64,400

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 Dewey 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 Dewey County HUD Rental Assistance in Dewey County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,550 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,550
50% of Median $22,550 $25,800 $29,000 $32,200 $34,800 $37,400 $39,950 $42,550
80% of Median $36,050 $41,200 $46,350 $51,500 $55,650 $59,750 $63,900 $68,000
Low Income Housing Tax Credits in Dewey County

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

From 1996 to 1996, 1 low income apartment communities containing 20 rental apartments have been constructed and made affordable to low income persons in Dewey 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 Dewey County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,550 $25,800 $29,000 $32,200 $34,800 $37,400 $39,950 $42,550
60% of Median $27,060 $30,960 $34,800 $38,640 $41,760 $44,880 $47,940 $51,060

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 Dewey County is $34,800 a year, or $2,900 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,900 by 30% to get a maximum rent of $870 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% $564 $604 $725 $838 $935 $1,031
60% $677 $725 $870 $1,005 $1,122 $1,238
Fair Market Rents in Dewey 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
$537 $547 $721 $898 $1,044

Cities In Dewey County

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

City Listings Served By
Seiling 2 The HUD funded Public Housing Agencies that serve Seiling are the Housing Authority of the Town of Seiling and Oklahoma Housing Finance Agency.
Vici 0 The HUD funded Public Housing Agency that serves Vici is the Oklahoma Housing Finance Agency.
Camargo 0 The HUD funded Public Housing Agency that serves Camargo is the Oklahoma Housing Finance Agency.
Leedey 0 The HUD funded Public Housing Agency that serves Leedey is the Oklahoma Housing Finance Agency.
Oakwood 0 The HUD funded Public Housing Agency that serves Oakwood is the Oklahoma Housing Finance Agency.
Putnam 0 The HUD funded Public Housing Agency that serves Putnam is the Oklahoma Housing Finance Agency.
Taloga 0 The HUD funded Public Housing Agency that serves Taloga is the Oklahoma Housing Finance Agency.