Affordable Housing In Hanover County
9 Low Income Apartment Communities In Hanover County
Housing Authorities that serve Hanover County
|Virginia Housing||Section 8 Housing Choice Voucher (HCV)|
|Central Virginia Resource Corporation - Main||Section 8 Housing Choice Voucher (HCV)|
|Hanover Community Services Board||Section 8 Housing Choice Voucher (HCV)|
|Richmond Redevelopment and Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH)|
Guide To Affordable Housing in Hanover County, Virginia
There are 9 low income housing apartment communities offering 898 affordable apartments for rent in Hanover County, Virginia.
Income Based Apartments in Hanover County, Virginia
Hanover County features 220 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 Hanover County, Virginia
There are 546 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hanover County.
Housing Choice Vouchers in Hanover County, Virginia
On average, Section 8 Housing Choice vouchers pay Hanover County landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Hanover County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hanover County, Virginia for a two-bedroom apartment is between $1,047 and $1,279.
2021 Hanover 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|
|Hanover County, Virginia Fair Market Rent||$993||$1,020||$1,163||$1,538||$1,840|
|Hanover County, Virginia Payment Standard Range||$894 to $1,092||$918 to $1,122||$1,047 to $1,279||$1,384 to $1,692||$1,656 to $2,024|
Sourced from federal housing data and AffordableHousingOnline.com research.
Hanover County, VA Affordable Housing Snapshot
|Total Affordable Apartment Properties||9|
|Total Low Income Apartments||898|
|Total Housing Units with Rental Assistance||220|
|Percentage of Housing Units Occupied By Renters||18.99%|
|Average Renter Household Size||2.35|
|Average Household Size||2.65|
|Median Household Income||$78,645 ±$2,618|
|Median Rent||$1,044 ±$39|
|Percentage Of Renters Overburdened||40.37% ± 4.84pp|
Population and Household Demographics
Hanover County is a county in Virginia with a population of 101,340. There are 37,463 households in the county with an average household size of 2.65 persons. 18.99% of households in Hanover County are renters.
Income and Rent Overburden in Hanover County
The median gross income for households in Hanover County is $78,645 a year, or $6,554 a month. The median rent for the county is $1,044 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hanover County, a household making less than $3,480 a month would be considered overburdened when renting an apartment at or above the median rent. 40.37% of households who rent are overburdened in Hanover County.
Area Median Income In Hanover 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 Hanover County, HUD calculates the Area Median Income for a family of four as $90,000
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 Hanover 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 Hanover 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 Hanover 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 Hanover 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 Hanover County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Hanover County
Select A City to View its Apartment Communities and Waiting Lists.
|Ashland||The HUD funded Public Housing Agencies that serve Ashland are the Virginia Housing, Central Virginia Resource Corporation - Main, Hanover Community Services Board and Richmond Redevelopment and Housing Authority.|
|Hanover||The HUD funded Public Housing Agencies that serve Hanover are the Virginia Housing, Central Virginia Resource Corporation - Main, Hanover Community Services Board and Richmond Redevelopment and Housing Authority.|
|Mechanicsville||The HUD funded Public Housing Agencies that serve Mechanicsville are the Virginia Housing, Central Virginia Resource Corporation - Main, Hanover Community Services Board and Richmond Redevelopment and Housing Authority.|