Affordable Housing In McClain County
Oklahoma

1 Low Income Apartment Communities In McClain County

Cottage Park Newcastle

567 N Walker Dr
Newcastle, OK
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There are 1 low income housing apartment complexes which contain 40 affordable apartments for rent in McClain County. Many of these rental apartments are income based housing with 0 apartments that set rent based on your income. In McClain County, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 40 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

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

McClain County, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 40
Total Rent Assisted Apartments 0
Percentage of Housing Units Occupied By Renters 19.79%
Average Renter Household Size 2.82
Total Population 36,512
Housing Units 13,244
Average Household Size 2.74
Median Household Income $56,088 ±$4,279
Median Rent $688 ±$38
Percentage Of Renters Overburdened 33.61% ± 5.88pp

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$637 $689 $867 $1,184 $1,463

Cities In McClain County

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

City Listings Served By
Byars 0 The HUD funded Public Housing Agency that serves Byars is the Oklahoma Housing Finance Agency.
Cole 0 The HUD funded Public Housing Agency that serves Cole is the Oklahoma Housing Finance Agency.
Dibble 0 The HUD funded Public Housing Agency that serves Dibble is the Oklahoma Housing Finance Agency.
Goldsby 0 The HUD funded Public Housing Agency that serves Goldsby is the Oklahoma Housing Finance Agency.
Newcastle 1 The HUD funded Public Housing Agency that serves Newcastle is the Oklahoma Housing Finance Agency.
Rosedale 0 The HUD funded Public Housing Agency that serves Rosedale is the Oklahoma Housing Finance Agency.
Washington 0 The HUD funded Public Housing Agency that serves Washington is the Oklahoma Housing Finance Agency.
Wayne 0 The HUD funded Public Housing Agency that serves Wayne is the Oklahoma Housing Finance Agency.