Affordable Housing In Troutdale
3 Low Income Apartment Communities In Troutdale
Housing Authorities that serve Troutdale
|Home Forward||Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work; Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD)|
Guide To Affordable Housing in Troutdale, Oregon
There are 3 low income housing apartment communities offering 432 affordable apartments for rent in Troutdale, Oregon.
Income Based Apartments in Troutdale, Oregon
Troutdale features 0 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 Troutdale, Oregon
There are 432 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Troutdale.
Housing Choice Vouchers in Troutdale, Oregon
On average, Section 8 Housing Choice vouchers pay Troutdale landlords $800 per month towards rent. The average voucher holder contributes $500 towards rent in Troutdale.
The maximum amount a voucher would pay on behalf of a low-income tenant in Troutdale, Oregon for a two-bedroom apartment is between $1,382 and $1,690.
2021 Troutdale, 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|
|Troutdale, Oregon Fair Market Rent||$1,245||$1,331||$1,536||$2,193||$2,657|
|Troutdale, Oregon Payment Standard Range||$1,121 to $1,370||$1,198 to $1,464||$1,382 to $1,690||$1,974 to $2,412||$2,391 to $2,923|
Sourced from federal housing data and AffordableHousingOnline.com research.
Troutdale, OR Affordable Housing Snapshot
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||432|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||36.54%|
|Average Renter Household Size||2.62|
|Average Household Size||2.82|
|Median Household Income||$60,340 ±$6,407|
|Median Rent||$980 ±$29|
|Percentage Of Renters Overburdened||55.16% ± 9.27pp|
Population and Household Demographics
Troutdale is a city in Multnomah County, Oregon with a population of 16,479. There are 5,830 households in the city with an average household size of 2.82 persons. 36.54% of households in Troutdale are renters.
Income and Rent Overburden in Troutdale
The median gross income for households in Troutdale is $60,340 a year, or $5,028 a month. The median rent for the city is $980 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Troutdale, a household making less than $3,267 a month would be considered overburdened when renting an apartment at or above the median rent. 55.16% of households who rent are overburdened in Troutdale.
Area Median Income In Troutdale
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 Troutdale, the AMI is calculated from all households within Multnomah County.
In Troutdale, 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 Troutdale
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 Troutdale
|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 Troutdale AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Troutdale AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Troutdale AMI may qualify for rental assistance programs that target Low Income households.