Affordable Housing In McKean County
Pennsylvania

12 Low Income Apartment Communities In McKean County

Center Hall

7 School St
Smethport, PA
Income Based
2-3 BR

The Abbie

62 Main Street
Lewis Run, PA
Income Based
1 BR

Brooklynside Drive

97 230 Brooklyinside Drive
Port Allegany, PA
Income Based
2-4 BR
Subsidized

Mill Street

6 9 Penny Lane
Port Allegany, PA
Income Based
1-2 BR

Medberry Manor

37 Church Street
Port Allegany, PA
Income Based
1 BR

Phillips Street Housing

3 Phillips Street
Mount Jewett, PA
Income Based
3 BR

Welsh Street Housing

1000 1012 Welsh Street
Kane, PA
Income Based
2-4 BR

Helmer Hall

729 N Main St
Port Allegany, PA
Income Based
2-4 BR

Vanderhule

804 N Main St
Port Allegany, PA
Income Based
2-4 BR

Page Place

311 Arnold Avenue
Port Allegany, PA
Income Based
1 BR

Housing Authorities that serve McKean County

Housing Authority Programs
McKean County Redevelopment and Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in McKean County

Housing Authority Programs
Bradford City Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in McKean County, Pennsylvania

There are 12 low income housing apartment communities offering 264 affordable apartments for rent in McKean County, Pennsylvania. McKean County features 264 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in McKean County.

Sourced from federal housing data and AffordableHousingOnline.com research.

McKean County, PA Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 264
Total Housing Units with Rental Assistance 264
Percentage of Housing Units Occupied By Renters 26.25%
Average Renter Household Size 2.09
Average Household Size 2.29
Median Household Income $43,965 ±$1,272
Median Rent $598 ±$16
Percentage Of Renters Overburdened 43.89% ± 4.31pp
Total Population 42,884

Population and Household Demographics

McKean County is a County in Pennsylvania with a population of 42,884. There are 17,400 households in the county with an average household size of 2.29 persons. 26.25% of households in McKean County are renters.

Income and Rent Overburden in McKean County

The median gross income for households in McKean County is $43,965 a year, or $3,664 a month. The median rent for the county is $598 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In McKean County, a household making less than $1,993 a month would be considered overburdened when renting an apartment at or above the median rent. 43.89% of households who rent are overburdened in McKean County.1

Area Median Income In McKean 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 McKean County, HUD calculates the Area Median Income for a family of four as $58,000

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 McKean 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 McKean County HUD Rental Assistance in McKean County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,300 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $41,750
50% of Median $22,150 $25,300 $28,450 $31,600 $34,150 $36,700 $39,200 $41,750
80% of Median $35,400 $40,450 $45,500 $50,550 $54,600 $58,650 $62,700 $66,750
Low Income Housing Tax Credits in McKean County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2010, 8 low income apartment communities containing 160 rental apartments have been constructed and made affordable to low income persons in McKean 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 McKean County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,150 $25,300 $28,450 $31,600 $34,150 $36,700 $39,200 $41,750
60% of Median $26,580 $30,360 $34,140 $37,920 $40,980 $44,040 $47,040 $50,100

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 McKean County is $34,140 a year, or $2,845 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,845 by 30% to get a maximum rent of $854 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% $554 $593 $711 $822 $918 $1,012
60% $665 $712 $854 $986 $1,101 $1,214
Fair Market Rents in McKean 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
$507 $550 $714 $890 $988

Cities In McKean County

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

City Listings Served By
Ford City 0 The HUD funded Public Housing Agency that serves Ford City is the McKean County Redevelopment and Housing Authority.
Bradford 0 The HUD funded Public Housing Agencies that serve Bradford are the Bradford City Housing Authority and McKean County Redevelopment and Housing Authority.
Smethport 1 The HUD funded Public Housing Agency that serves Smethport is the McKean County Redevelopment and Housing Authority.
Annin 0 The HUD funded Public Housing Agency that serves Annin is the McKean County Redevelopment and Housing Authority.
Bradford Township 0 The HUD funded Public Housing Agency that serves Bradford Township is the McKean County Redevelopment and Housing Authority.
Ceres 0 The HUD funded Public Housing Agency that serves Ceres is the McKean County Redevelopment and Housing Authority.
Corydon 0 The HUD funded Public Housing Agency that serves Corydon is the McKean County Redevelopment and Housing Authority.
Eldred 0 The HUD funded Public Housing Agency that serves Eldred is the McKean County Redevelopment and Housing Authority.
Eldredship 0 The HUD funded Public Housing Agency that serves Eldredship is the McKean County Redevelopment and Housing Authority.
Foster 0 The HUD funded Public Housing Agency that serves Foster is the McKean County Redevelopment and Housing Authority.
Foster Brook 0 The HUD funded Public Housing Agency that serves Foster Brook is the McKean County Redevelopment and Housing Authority.
Hamilton 0 The HUD funded Public Housing Agency that serves Hamilton is the McKean County Redevelopment and Housing Authority.
Hamlin 0 The HUD funded Public Housing Agency that serves Hamlin is the McKean County Redevelopment and Housing Authority.
Kane 3 The HUD funded Public Housing Agency that serves Kane is the McKean County Redevelopment and Housing Authority.
Keating 0 The HUD funded Public Housing Agency that serves Keating is the McKean County Redevelopment and Housing Authority.
Lafayette 0 The HUD funded Public Housing Agency that serves Lafayette is the McKean County Redevelopment and Housing Authority.
Lewis Run 1 The HUD funded Public Housing Agency that serves Lewis Run is the McKean County Redevelopment and Housing Authority.
Liberty 0 The HUD funded Public Housing Agency that serves Liberty is the McKean County Redevelopment and Housing Authority.
Mount Jewett 1 The HUD funded Public Housing Agency that serves Mount Jewett is the McKean County Redevelopment and Housing Authority.
Norwich 0 The HUD funded Public Housing Agency that serves Norwich is the McKean County Redevelopment and Housing Authority.
Otto 0 The HUD funded Public Housing Agency that serves Otto is the McKean County Redevelopment and Housing Authority.
Port Allegany 6 The HUD funded Public Housing Agency that serves Port Allegany is the McKean County Redevelopment and Housing Authority.
Rew 0 The HUD funded Public Housing Agency that serves Rew is the McKean County Redevelopment and Housing Authority.
Sergeant 0 The HUD funded Public Housing Agency that serves Sergeant is the McKean County Redevelopment and Housing Authority.
Wetmore 0 The HUD funded Public Housing Agency that serves Wetmore is the McKean County Redevelopment and Housing Authority.