Affordable Housing In Lake Oswego
Clackamas County, Oregon

2 Low Income Apartment Communities In Lake Oswego

Hollyfield Village

4077 Sunset Dr
Lake Oswego, Oregon
Subsidized

Oakridge Park

4255 Oakridge Rd
Lake Oswego, Oregon
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Section 8 Vouchers, Apartments, and Waiting Lists in Lake Oswego, Oregon

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Lake Oswego, Oregon

Housing Authority Programs
Housing Authority of Clackamas County Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Lake Oswego, Oregon

There are 2 low income housing apartment communities offering 75 affordable apartments for rent in Lake Oswego, Oregon.

Income Based Apartments in Lake Oswego, Oregon

Lake Oswego features 30 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Lake Oswego, Oregon

There are 45 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake Oswego.

Housing Choice Vouchers in Lake Oswego, Oregon

On average, Section 8 Housing Choice vouchers pay Lake Oswego landlords $900 per month towards rent. The average voucher holder contributes $500 towards rent in Lake Oswego.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lake Oswego, Oregon for a two-bedroom apartment is between $1,320 and $1,614.

2022 Lake Oswego, Oregon Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Lake Oswego, Oregon Fair Market Rent $1,197 $1,278 $1,467 $2,073 $2,454
Lake Oswego, Oregon Payment Standard Range $1,077 to $1,317 $1,150 to $1,406 $1,320 to $1,614 $1,866 to $2,280 $2,209 to $2,699

Sourced from federal housing data and AffordableHousingOnline.com research.

Lake Oswego, OR Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 75
Total Housing Units with Rental Assistance 30
Percentage of Housing Units Occupied By Renters 33.05%
Average Renter Household Size 2.07
Average Household Size 2.31
Median Household Income $85,303 ±$4,310
Median Rent $1,299 ±$72
Percentage Of Renters Overburdened 49.85% ± 5.25pp
Total Population 37,628

Population and Household Demographics

Lake Oswego is a city in Clackamas County, Oregon with a population of 37,628. There are 16,193 households in the city with an average household size of 2.31 persons. 33.05% of households in Lake Oswego are renters.

Income and Rent Overburden in Lake Oswego

The median gross income for households in Lake Oswego is $85,303 a year, or $7,109 a month. The median rent for the city is $1,299 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lake Oswego, a household making less than $4,330 a month would be considered overburdened when renting an apartment at or above the median rent. 49.85% of households who rent are overburdened in Lake Oswego.

Area Median Income In Lake Oswego

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Lake Oswego, the AMI is calculated from all households within Clackamas County.

In Lake Oswego, HUD calculates the Area Median Income for a family of four as $96,900

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 Lake Oswego

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 HUD Rental Assistance in Lake Oswego

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Lake Oswego AMI may qualify for rental assistance programs that target Extremely Low Income households.
$20,300 $23,200 $26,100 $29,000 $31,350 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Lake Oswego AMI may qualify for rental assistance programs that target Very Low Income households.
$33,850 $38,700 $43,550 $48,350 $52,250 $56,100 $60,000 $63,850
80% AMI Income Limits
Renters earning up to 80% of the Lake Oswego AMI may qualify for rental assistance programs that target Low Income households.
$54,150 $61,900 $69,650 $77,350 $83,550 $89,750 $95,950 $102,150