Affordable Housing In Giles County
10 Low Income Apartment Communities In Giles County
Housing Authorities that serve Giles County
|Tennessee Housing Development Agency Central Office||Section 8 Housing Choice Voucher (HCV); Mainstream Voucher|
|Tennessee Housing Development Agency South Central Tennessee Office||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Giles County, Tennessee
There are 10 low income housing apartment communities offering 688 affordable apartments for rent in Giles County, Tennessee.
Income Based Apartments in Giles County, Tennessee
Giles County features 547 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 Giles County, Tennessee
There are 141 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Giles County.
Housing Choice Vouchers in Giles County, Tennessee
On average, Section 8 Housing Choice vouchers pay Giles County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Giles County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Giles County, Tennessee for a two-bedroom apartment is between $584 and $714.
2020 Giles County, Tennessee 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|
|Fair Market Rent||$492||$570||$649||$868||$1,065|
|Payment Standard Range||$443 to $541||$513 to $627||$584 to $714||$781 to $955||$959 to $1,172|
Sourced from federal housing data and AffordableHousingOnline.com research.
Giles County, TN Affordable Housing Snapshot
|Total Affordable Apartment Properties||10|
|Total Low Income Apartments||688|
|Total Housing Units with Rental Assistance||547|
|Percentage of Housing Units Occupied By Renters||27.33%|
|Average Renter Household Size||2.48|
|Average Household Size||2.49|
|Median Household Income||$41,093 ±$2,568|
|Median Rent||$603 ±$33|
|Percentage Of Renters Overburdened||39.26% ± 6.15pp|
Population and Household Demographics
Giles County is a county in Tennessee with a population of 28,949. There are 11,297 households in the county with an average household size of 2.49 persons. 27.33% of households in Giles County are renters.
Income and Rent Overburden in Giles County
The median gross income for households in Giles County is $41,093 a year, or $3,424 a month. The median rent for the county is $603 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Giles County, a household making less than $2,010 a month would be considered overburdened when renting an apartment at or above the median rent. 39.26% of households who rent are overburdened in Giles County.
Area Median Income In Giles 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 Giles County, HUD calculates the Area Median Income for a family of four as $57,300
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 Giles 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 HUD Rental Assistance in Giles County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,760||$17,240||$21,720||$26,200||$30,680||$33,250||$35,550||$37,850|
|50% of Median||$20,100||$22,950||$25,800||$28,650||$30,950||$33,250||$35,550||$37,850|
|80% of Median||$32,100||$36,700||$41,300||$45,850||$49,550||$53,200||$56,900||$60,550|
Cities In Giles County
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