Affordable Housing In Potter County

6 Low Income Apartment Communities In Potter County

Oswayo Apartments

307 W Academy St
Shinglehouse, PA
1 BR

Silver Maples

600 School St
Ulysses, PA
1 BR
HCV Welcome

Freeman House

79 Maple View Ln
Coudersport, PA

Honeoye Haven

100 E Honeoye St
Shinglehouse, PA

Redwood Village

9 Penn Ave
Galeton, PA

Ulysses Family

Academy And East Center St
Ulysses, PA
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Housing Authorities that serve Potter County

Housing Authority Programs
County of Potter Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Potter County, Pennsylvania

There are 6 low income housing apartment communities offering 229 affordable apartments for rent in Potter County, Pennsylvania. Potter County features 133 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 96 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Potter County.

Sourced from federal housing data and research.

Potter County, PA Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 229
Total Housing Units with Rental Assistance 133
Percentage of Housing Units Occupied By Renters 22.93%
Average Renter Household Size 2.44
Average Household Size 2.57
Median Household Income $40,654 ±$1,473
Median Rent $609 ±$34
Percentage Of Renters Overburdened 42.45% ± 4.55pp
Total Population 17,377

Population and Household Demographics

Potter County is a County in Pennsylvania with a population of 17,377. There are 6,669 households in the county with an average household size of 2.57 persons. 22.93% of households in Potter County are renters.

Income and Rent Overburden in Potter County

The median gross income for households in Potter County is $40,654 a year, or $3,388 a month. The median rent for the county is $609 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Potter County, a household making less than $2,030 a month would be considered overburdened when renting an apartment at or above the median rent. 42.45% of households who rent are overburdened in Potter County.1

Area Median Income In Potter 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 Potter County, HUD calculates the Area Median Income for a family of four as $57,000

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 Potter 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 Potter County HUD Rental Assistance in Potter 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 Potter County

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

From 1989 to 1989, 1 low income apartment communities containing 24 rental apartments have been constructed and made affordable to low income persons in Potter 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 Potter 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 Potter 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 Potter 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
$609 $611 $714 $1,026 $1,131

Cities In Potter County

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

City Listings Served By
Galeton 1 The HUD funded Public Housing Agency that serves Galeton is the County of Potter Housing Authority.
Coudersport 1 The HUD funded Public Housing Agency that serves Coudersport is the County of Potter Housing Authority.
Shinglehouse 2 The HUD funded Public Housing Agency that serves Shinglehouse is the County of Potter Housing Authority.
Ulysses 2 The HUD funded Public Housing Agency that serves Ulysses is the County of Potter Housing Authority.
Abbott 0
Allegany 0
Austin 0
Bingham 0
Clara 0
Eulalia 0
Genesee 0
Hebron 0
Hector 0
Homer 0
Keating 0
Oswayo 0
Oswayoship 0
Pike 0
Pleasant Valley 0
Portage 0
Roulette 0
Rouletteship 0
Sharon 0
Stewardson 0
Summit 0
Sweden 0
Sweden Valley 0
Sylvania 0
Ulyssesship 0
West Branch 0
Wharton 0