Affordable Housing In Woodward County

6 Low Income Apartment Communities In Woodward County

Woodland Estates

3419 8th Street
Woodward, OK
1 BR
HCV Welcome

Heartland Apartments

3800 1st St
Woodward, OK
Disabled Supportive Housing

Woodward, Oarc

710 Maury St
Woodward, OK
Elderly Supportive Housing

Canadian Valley Apartments

East 2nd & Graham
Mooreland, OK
HCV Welcome

Canadian Valley Apartments, Lp

100 S Graham St
Mooreland, OK

Hyde Park Apartments

1706 12th St
Woodward, OK
HCV Welcome
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Housing Authorities that serve Woodward County

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

Guide To Affordable Housing in Woodward County, Oklahoma

There are 6 low income housing apartment communities offering 195 affordable apartments for rent in Woodward County, Oklahoma. Woodward County features 93 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 102 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Woodward County.

Sourced from federal housing data and research.

Woodward County, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 195
Total Housing Units with Rental Assistance 93
Percentage of Housing Units Occupied By Renters 28.83%
Average Renter Household Size 2.65
Average Household Size 2.70
Median Household Income $55,300 ±$3,713
Median Rent $680 ±$31
Percentage Of Renters Overburdened 38.09% ± 7.02pp
Total Population 20,986

Population and Household Demographics

Woodward County is a County in Oklahoma with a population of 20,986. There are 7,367 households in the county with an average household size of 2.70 persons. 28.83% of households in Woodward County are renters.

Income and Rent Overburden in Woodward County

The median gross income for households in Woodward County is $55,300 a year, or $4,608 a month. The median rent for the county is $680 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Woodward County, a household making less than $2,267 a month would be considered overburdened when renting an apartment at or above the median rent. 38.09% of households who rent are overburdened in Woodward County.1

Area Median Income In Woodward 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 Woodward County, HUD calculates the Area Median Income for a family of four as $76,200

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 Woodward 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 Woodward County HUD Rental Assistance in Woodward County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,000 $18,300 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,700 $30,500 $34,300 $38,100 $41,150 $44,200 $47,250 $50,300
80% of Median $42,700 $48,800 $54,900 $60,950 $65,850 $70,750 $75,600 $80,500
Low Income Housing Tax Credits in Woodward 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 54 rental apartments have been constructed and made affordable to low income persons in Woodward 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 Woodward County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,700 $30,500 $34,300 $38,100 $41,150 $44,200 $47,250 $50,300
60% of Median $32,040 $36,600 $41,160 $45,720 $49,380 $53,040 $56,700 $60,360

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 Woodward County is $41,160 a year, or $3,430 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,430 by 30% to get a maximum rent of $1,029 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% $668 $715 $858 $991 $1,105 $1,219
60% $801 $858 $1,029 $1,189 $1,326 $1,463
Fair Market Rents in Woodward 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
$549 $655 $746 $1,026 $1,046

Cities In Woodward County

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

City Listings Served By
Woodward 4 The HUD funded Public Housing Agency that serves Woodward is the Oklahoma Housing Finance Agency.
Mooreland 2 The HUD funded Public Housing Agency that serves Mooreland is the Oklahoma Housing Finance Agency.
Fort Supply 0 The HUD funded Public Housing Agency that serves Fort Supply is the Oklahoma Housing Finance Agency.
Mutual 0 The HUD funded Public Housing Agency that serves Mutual is the Oklahoma Housing Finance Agency.
Sharon 0 The HUD funded Public Housing Agency that serves Sharon is the Oklahoma Housing Finance Agency.