Affordable Housing In Greene County
2 Low Income Apartment Communities In Greene County
Guide To Affordable Housing in Greene County, Virginia
There are 2 low income housing apartment communities offering 82 affordable apartments for rent in Greene County, Virginia.
Income Based Apartments in Greene County, Virginia
Greene County features 0 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 Greene County, Virginia
There are 82 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Greene County.
Housing Choice Vouchers in Greene County, Virginia
On average, Section 8 Housing Choice vouchers pay Greene County landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Greene County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Greene County, Virginia for a two-bedroom apartment is between $1,138 and $1,390.
2022 Greene 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|
|Greene County, Virginia Fair Market Rent||$1,024||$1,063||$1,264||$1,562||$1,959|
|Greene County, Virginia Payment Standard Range||$922 to $1,126||$957 to $1,169||$1,138 to $1,390||$1,406 to $1,718||$1,763 to $2,155|
Sourced from federal housing data and AffordableHousingOnline.com research.
Greene County, VA Affordable Housing Snapshot
|Total Affordable Apartment Properties||2|
|Total Low Income Apartments||82|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||22.49%|
|Average Renter Household Size||2.41|
|Average Household Size||2.64|
|Median Household Income||$61,550 ±$5,109|
|Median Rent||$928 ±$128|
|Percentage Of Renters Overburdened||27.77% ± 6.65pp|
Population and Household Demographics
Greene County is a county in Virginia with a population of 18,938. There are 7,111 households in the county with an average household size of 2.64 persons. 22.49% of households in Greene County are renters.
Income and Rent Overburden in Greene County
The median gross income for households in Greene County is $61,550 a year, or $5,129 a month. The median rent for the county is $928 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Greene County, a household making less than $3,093 a month would be considered overburdened when renting an apartment at or above the median rent. 27.77% of households who rent are overburdened in Greene County.
Area Median Income In Greene 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 Greene County, HUD calculates the Area Median Income for a family of four as $93,700
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 Greene 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 Greene 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 Greene 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 Greene 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 Greene County AMI may qualify for rental assistance programs that target Low Income households.