Affordable Housing In Louisa County
Virginia

4 Low Income Apartment Communities In Louisa County

Housing Authorities that serve Louisa County

Housing Authority	Programs
Virginia Housing	Section 8 Housing Choice Voucher (HCV)
Central Virginia Resource Corporation - Main	Section 8 Housing Choice Voucher (HCV)
Fluvanna-Louisa County Housing Foundation	Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Louisa County, Virginia

There are 4 low income housing apartment communities offering 136 affordable apartments for rent in Louisa County, Virginia.

Income Based Apartments in Louisa County, Virginia

Louisa County features 109 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 Louisa County, Virginia

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Louisa County.

Housing Choice Vouchers in Louisa County, Virginia

On average, Section 8 Housing Choice vouchers pay Louisa County landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Louisa County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Louisa County, Virginia for a two-bedroom apartment is between $820 and $1,002.

2021 Louisa 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
Louisa County, Virginia Fair Market Rent	$613	$799	$911	$1,238	$1,577
Louisa County, Virginia Payment Standard Range	$552 to $674	$719 to $879	$820 to $1,002	$1,114 to $1,362	$1,419 to $1,735

Sourced from federal housing data and AffordableHousingOnline.com research.

Louisa County, VA Affordable Housing Snapshot

Total Affordable Apartment Properties	4
Total Low Income Apartments	136
Total Housing Units with Rental Assistance	109
Percentage of Housing Units Occupied By Renters	20.46%
Average Renter Household Size	2.78
Average Household Size	2.64
Median Household Income	$57,829 ±$3,890
Median Rent	$936 ±$45
Percentage Of Renters Overburdened	35.96% ± 5.57pp
Total Population	33,986

Population and Household Demographics

Louisa County is a county in Virginia with a population of 33,986. There are 12,829 households in the county with an average household size of 2.64 persons. 20.46% of households in Louisa County are renters.

Income and Rent Overburden in Louisa County

The median gross income for households in Louisa County is $57,829 a year, or $4,819 a month. The median rent for the county is $936 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Louisa County, a household making less than $3,120 a month would be considered overburdened when renting an apartment at or above the median rent. 35.96% of households who rent are overburdened in Louisa County.

Area Median Income In Louisa 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 Louisa County, HUD calculates the Area Median Income for a family of four as $74,300

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 Louisa 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 Louisa 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 Louisa County AMI may qualify for rental assistance programs that target Extremely Low Income households.	$15,650	$17,850	$21,720	$26,200	$30,680	$35,160	$39,640	$44,120
50% AMI Income Limits Renters earning up to 50% of the Louisa County AMI may qualify for rental assistance programs that target Very Low Income households.	$26,050	$29,750	$33,450	$37,150	$40,150	$43,100	$46,100	$49,050
80% AMI Income Limits Renters earning up to 80% of the Louisa County AMI may qualify for rental assistance programs that target Low Income households.	$41,650	$47,600	$53,550	$59,450	$64,250	$69,000	$73,750	$78,500