Affordable Housing In McClain County
Oklahoma

1 Low Income Apartment Communities In McClain County

Housing Authorities that serve McClain County

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

Guide To Affordable Housing in McClain County, Oklahoma

There are 1 low income housing apartment communities offering 40 affordable apartments for rent in McClain County, Oklahoma. McClain County features 0 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 40 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in McClain County.

Sourced from federal housing data and AffordableHousingOnline.com research.

McClain County, OK Affordable Housing Snapshot

Total Affordable Apartment Properties	1
Total Low Income Apartments	40
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	19.79%
Average Renter Household Size	2.82
Average Household Size	2.74
Median Household Income	$56,088 ±$4,279
Median Rent	$688 ±$38
Percentage Of Renters Overburdened	33.61% ± 5.88pp
Total Population	36,512

Population and Household Demographics

McClain County is a County in Oklahoma with a population of 36,512. There are 13,244 households in the county with an average household size of 2.74 persons. 19.79% of households in McClain County are renters.

Income and Rent Overburden in McClain County

The median gross income for households in McClain County is $56,088 a year, or $4,674 a month. The median rent for the county is $688 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In McClain County, a household making less than $2,293 a month would be considered overburdened when renting an apartment at or above the median rent. 33.61% of households who rent are overburdened in McClain County.¹

Area Median Income In McClain 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 McClain County, HUD calculates the Area Median Income for a family of four as $73,800

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 McClain 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 McClain County HUD Rental Assistance in McClain County

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% of Median	$15,550	$17,750	$21,330	$25,750	$30,170	$34,590	$39,010	$43,430
50% of Median	$25,850	$29,550	$33,250	$36,900	$39,900	$42,850	$45,800	$48,750
80% of Median	$41,350	$47,250	$53,150	$59,050	$63,800	$68,500	$73,250	$77,950

Low Income Housing Tax Credits in McClain County

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

From 2012 to 2012, 1 low income apartment communities containing 40 rental apartments have been constructed and made affordable to low income persons in McClain 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 McClain County

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50% of Median	$25,850	$29,550	$33,250	$36,900	$39,900	$42,850	$45,800	$48,750
60% of Median	$31,020	$35,460	$39,900	$44,280	$47,880	$51,420	$54,960	$58,500

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 McClain County is $39,900 a year, or $3,325 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,325 by 30% to get a maximum rent of $998 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%	$646	$693	$831	$960	$1,071	$1,182
60%	$776	$831	$998	$1,152	$1,286	$1,418

Fair Market Rents in McClain 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
$684	$724	$906	$1,231	$1,506