Affordable Housing In Wasatch County
Utah

4 Low Income Apartment Communities In Wasatch County

There are 4 low income housing apartment complexes which contain 289 affordable apartments for rent in Wasatch County. Many of these rental apartments are income based housing with 0 apartments that set rent based on your income. In Wasatch County, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 213 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Guide To Affordable Housing in Wasatch County, Utah

Wasatch County, UT Affordable Housing Snapshot

Total Affordable Apartment Properties	4
Total Low Income Apartments	289
Total Rent Assisted Apartments	0
Percentage of Housing Units Occupied By Renters	27%
Average Renter Household Size	3.50
Total Population	26,661
Housing Units	8,095
Average Household Size	3.27
Median Household Income	$66,486 ±$4,869
Median Rent	$1,083 ±$54
Percentage Of Renters Overburdened	45.7% ± 8.75pp

Population and Household Demographics

Wasatch County is a County in Utah with a population of 26,661. There are 8,095 households in the county with an average household size of 3.27 persons. 27% of households in Wasatch County are renters.

Income and Rent Overburden in Wasatch County

The median gross income for households in Wasatch County is $66,486 a year, or $5,541 a month. The median rent for the county is $1,083 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wasatch County, a household making less than $3,610 a month would be considered overburdened when renting an apartment at or above the median rent. 45.7% of households who rent are overburdened in Wasatch County.¹

Area Median Income In Wasatch 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 Wasatch County, HUD calculates the Area Median Income for a family of four as $83,800

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 Wasatch 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 Wasatch County HUD Rental Assistance in Wasatch County

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% of Median	$17,650	$20,150	$22,650	$25,750	$30,170	$34,590	$39,010	$43,430
50% of Median	$29,350	$33,550	$37,750	$41,900	$45,300	$48,650	$52,000	$55,350
80% of Median	$46,950	$53,650	$60,350	$67,050	$72,450	$77,800	$83,150	$88,550

Low Income Housing Tax Credits in Wasatch County

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

From 2002 to 2002, 1 low income apartment communities containing 103 rental apartments have been constructed and made affordable to low income persons in Wasatch 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 Wasatch County

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50% of Median	$29,350	$33,550	$37,750	$41,900	$45,300	$48,650	$52,000	$55,350
60% of Median	$35,220	$40,260	$45,300	$50,280	$54,360	$58,380	$62,400	$66,420

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 Wasatch County is $45,300 a year, or $3,775 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,775 by 30% to get a maximum rent of $1,133 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%	$734	$786	$944	$1,090	$1,216	$1,342
60%	$881	$944	$1,133	$1,308	$1,460	$1,610

Fair Market Rents in Wasatch 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.

2019 Fair Market Rents

Studio	One BR	Two BR	Three BR	Four BR
$703	$781	$1,033	$1,347	$1,788