Affordable Housing In Giles County
12 Low Income Apartment Communities In Giles County
Housing Authorities that serve Giles County
|Virginia Housing||Section 8 Housing Choice Voucher (HCV)|
|Pembroke Management Inc - Craig and Giles||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Giles County, Virginia
There are 12 low income housing apartment communities offering 229 affordable apartments for rent in Giles County, Virginia.
Income Based Apartments in Giles County, Virginia
Giles County features 42 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, Virginia
There are 159 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, Virginia
On average, Section 8 Housing Choice vouchers pay Giles County landlords $700 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, Virginia for a two-bedroom apartment is between $672 and $822.
2021 Giles 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|
|Giles County, Virginia Fair Market Rent||$504||$655||$747||$982||$1,099|
|Giles County, Virginia Payment Standard Range||$454 to $554||$590 to $721||$672 to $822||$884 to $1,080||$989 to $1,209|
Sourced from federal housing data and AffordableHousingOnline.com research.
Giles County, VA Affordable Housing Snapshot
|Total Affordable Apartment Properties||12|
|Total Low Income Apartments||229|
|Total Housing Units with Rental Assistance||42|
|Percentage of Housing Units Occupied By Renters||23.94%|
|Average Renter Household Size||2.33|
|Average Household Size||2.32|
|Median Household Income||$46,390 ±$1,866|
|Median Rent||$593 ±$28|
|Percentage Of Renters Overburdened||30.5% ± 6.65pp|
Population and Household Demographics
Giles County is a county in Virginia with a population of 16,907. There are 7,230 households in the county with an average household size of 2.32 persons. 23.94% of households in Giles County are renters.
Income and Rent Overburden in Giles County
The median gross income for households in Giles County is $46,390 a year, or $3,866 a month. The median rent for the county is $593 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 $1,977 a month would be considered overburdened when renting an apartment at or above the median rent. 30.5% 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 $61,000
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 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
|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 Giles 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 Giles 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 Giles County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Giles County
Select A City to View its Apartment Communities and Waiting Lists.
|Glen Lyn||The HUD funded Public Housing Agencies that serve Glen Lyn are the Virginia Housing and Pembroke Management Inc - Craig and Giles.|
|Narrows||The HUD funded Public Housing Agencies that serve Narrows are the Virginia Housing and Pembroke Management Inc - Craig and Giles.|
|Pearisburg||The HUD funded Public Housing Agencies that serve Pearisburg are the Virginia Housing and Pembroke Management Inc - Craig and Giles.|
|Pembroke||The HUD funded Public Housing Agencies that serve Pembroke are the Virginia Housing and Pembroke Management Inc - Craig and Giles.|
|Rich Creek||The HUD funded Public Housing Agencies that serve Rich Creek are the Virginia Housing and Pembroke Management Inc - Craig and Giles.|