Affordable Housing In Danville
25 Low Income Apartment Communities In Danville
Housing Authorities that serve Danville
|Danville Redevelopment and Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Mainstream Voucher|
Guide To Affordable Housing in Danville, Virginia
There are 25 low income housing apartment communities offering 1,973 affordable apartments for rent in Danville, Virginia.
Income Based Apartments in Danville, Virginia
Danville features 1,516 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 Danville, Virginia
There are 457 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Danville.
Housing Choice Vouchers in Danville, Virginia
On average, Section 8 Housing Choice vouchers pay Danville landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Danville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Danville, Virginia for a two-bedroom apartment is between $631 and $771.
2021 Danville, 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|
|Danville, Virginia Fair Market Rent||$470||$532||$701||$926||$1,065|
|Danville, Virginia Payment Standard Range||$423 to $517||$479 to $585||$631 to $771||$833 to $1,019||$959 to $1,172|
Sourced from federal housing data and AffordableHousingOnline.com research.
Danville, VA Affordable Housing Snapshot
|Total Affordable Apartment Properties||25|
|Total Low Income Apartments||1,973|
|Total Housing Units with Rental Assistance||1,516|
|Percentage of Housing Units Occupied By Renters||46.05%|
|Average Renter Household Size||2.21|
|Average Household Size||2.20|
|Median Household Income||$32,315 ±$1,578|
|Median Rent||$601 ±$22|
|Percentage Of Renters Overburdened||43.66% ± 3.93pp|
Population and Household Demographics
Danville is a city in Virginia with a population of 42,450. There are 18,559 households in the city with an average household size of 2.20 persons. 46.05% of households in Danville are renters.
Income and Rent Overburden in Danville
The median gross income for households in Danville is $32,315 a year, or $2,693 a month. The median rent for the city is $601 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Danville, a household making less than $2,003 a month would be considered overburdened when renting an apartment at or above the median rent. 43.66% of households who rent are overburdened in Danville.
Area Median Income In Danville
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 Danville, HUD calculates the Area Median Income for a family of four as $50,600
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 Danville
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 Danville
|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 Danville AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Danville AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Danville AMI may qualify for rental assistance programs that target Low Income households.