Affordable Housing In Pontotoc County
Oklahoma

14 Low Income Apartment Communities In Pontotoc County

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 Pontotoc County

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

Other Housing Authorities located in Pontotoc County

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

Guide To Affordable Housing in Pontotoc County, Oklahoma

There are 14 low income housing apartment communities offering 735 affordable apartments for rent in Pontotoc County, Oklahoma. Pontotoc County 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 Pontotoc County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Pontotoc County, 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 35.89%
Average Renter Household Size 2.31
Average Household Size 2.52
Median Household Income $43,261 ±$1,340
Median Rent $638 ±$15
Percentage Of Renters Overburdened 41.23% ± 3.31pp
Total Population 38,055

Population and Household Demographics

Pontotoc County is a County in Oklahoma with a population of 38,055. There are 14,591 households in the county with an average household size of 2.52 persons. 35.89% of households in Pontotoc County are renters.

Income and Rent Overburden in Pontotoc County

The median gross income for households in Pontotoc County is $43,261 a year, or $3,605 a month. The median rent for the county is $638 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pontotoc County, a household making less than $2,127 a month would be considered overburdened when renting an apartment at or above the median rent. 41.23% of households who rent are overburdened in Pontotoc County.1

Area Median Income In Pontotoc 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 Pontotoc County, 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 Pontotoc 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 Pontotoc County HUD Rental Assistance in Pontotoc County

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 Pontotoc County

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 Pontotoc 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 Pontotoc County

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 Pontotoc County 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 Pontotoc 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
$481 $544 $712 $941 $976

Cities In Pontotoc County

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

City Listings Served By
Ada 14 The HUD funded Public Housing Agencies that serve Ada are the Housing Authority of the City of Ada and Oklahoma Housing Finance Agency.
Byng 0 The HUD funded Public Housing Agency that serves Byng is the Oklahoma Housing Finance Agency.
Fitzhugh 0 The HUD funded Public Housing Agency that serves Fitzhugh is the Oklahoma Housing Finance Agency.
Francis 0 The HUD funded Public Housing Agency that serves Francis is the Oklahoma Housing Finance Agency.
Roff 0 The HUD funded Public Housing Agency that serves Roff is the Oklahoma Housing Finance Agency.
Stonewall 0 The HUD funded Public Housing Agency that serves Stonewall is the Oklahoma Housing Finance Agency.