Affordable Housing In Amherst County
5 Low Income Apartment Communities In Amherst County
Housing Authorities that serve Amherst County
|Virginia Housing||Section 8 Housing Choice Voucher (HCV)|
|Nelson County Community Development Foundation||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Amherst County, Virginia
There are 5 low income housing apartment communities offering 176 affordable apartments for rent in Amherst County, Virginia.
Income Based Apartments in Amherst County, Virginia
Amherst County features 58 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 Amherst County, Virginia
There are 118 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Amherst County.
Housing Choice Vouchers in Amherst County, Virginia
On average, Section 8 Housing Choice vouchers pay Amherst County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Amherst County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Amherst County, Virginia for a two-bedroom apartment is between $706 and $862.
2021 Amherst County, Virginia 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|
|Amherst County, Virginia Fair Market Rent||$633||$660||$784||$1,053||$1,241|
|Amherst County, Virginia Payment Standard Range||$570 to $696||$594 to $726||$706 to $862||$948 to $1,158||$1,117 to $1,365|
Sourced from federal housing data and AffordableHousingOnline.com research.
Amherst County, VA Affordable Housing Snapshot
|Total Affordable Apartment Properties||5|
|Total Low Income Apartments||176|
|Total Housing Units with Rental Assistance||58|
|Percentage of Housing Units Occupied By Renters||23.74%|
|Average Renter Household Size||2.41|
|Average Household Size||2.48|
|Median Household Income||$47,558 ±$3,068|
|Median Rent||$679 ±$23|
|Percentage Of Renters Overburdened||38.85% ± 5.66pp|
Population and Household Demographics
Amherst County is a county in Virginia with a population of 32,148. There are 12,502 households in the county with an average household size of 2.48 persons. 23.74% of households in Amherst County are renters.
Income and Rent Overburden in Amherst County
The median gross income for households in Amherst County is $47,558 a year, or $3,963 a month. The median rent for the county is $679 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Amherst County, a household making less than $2,263 a month would be considered overburdened when renting an apartment at or above the median rent. 38.85% of households who rent are overburdened in Amherst County.
Area Median Income In Amherst 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 Amherst County, HUD calculates the Area Median Income for a family of four as $73,700
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 Amherst 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 Amherst County
|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 Amherst County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Amherst County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Amherst County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Amherst County
Select A City to View its Apartment Communities and Waiting Lists.
|Amherst||The HUD funded Public Housing Agencies that serve Amherst are the Nelson County Community Development Foundation and Virginia Housing.|
|Madison Heights||The HUD funded Public Housing Agencies that serve Madison Heights are the Nelson County Community Development Foundation and Virginia Housing.|