Affordable Housing In Roanoke

50 Low Income Apartment Communities In Roanoke

Terrace South

1402 Maiden Ln SW
Roanoke, VA
HCV Welcome

Roanoke at Home

609 12th St NW
Roanoke, VA
HCV Welcome

Hazelridge Road

5220 Hazelridge Rd NW
Roanoke, VA

Nneo Centre Ave

900 Centre Ave NW
Roanoke, VA
HCV Welcome

Forest Park Boulevard

Forest Park Blvd
Roanoke, VA
HCV Welcome

Stepping Stone

1801 Dunbar St NW
Roanoke, VA
HCV Welcome

Blue Ridge Village

2744 Melrose Ave NW
Roanoke, VA
HCV Welcome

Gilmer Loudon Ave Apartments

821 Gilmer Ave NW
Roanoke, VA
HCV Welcome

Cavalier Apartments

202 Elm Ave SW
Roanoke, VA
HCV Welcome

502 Church Avenue, S.W.

502 Church Ave SW
Roanoke, VA
HCV Welcome

Housing Authorities that serve Roanoke

Housing Authority Programs
Roanoke Redevelopment and Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Public Housing Homeownership; Family Self-sufficiency
Roanoke Total Action Against Poverty Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Roanoke, Virginia

There are 50 low income housing apartment communities offering 4,281 affordable apartments for rent in Roanoke, Virginia. Roanoke features 2,509 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,772 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Roanoke.

Sourced from federal housing data and research.

Roanoke, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 50
Total Low Income Apartments 4,281
Total Housing Units with Rental Assistance 2,509
Percentage of Housing Units Occupied By Renters 46.29%
Average Renter Household Size 2.29
Average Household Size 2.29
Median Household Income $39,930 ±$1,326
Median Rent $728 ±$19
Percentage Of Renters Overburdened 45.56% ± 3.13pp
Total Population 98,736

Population and Household Demographics

Roanoke is a City in Virginia with a population of 98,736. There are 42,239 households in the city with an average household size of 2.29 persons. 46.29% of households in Roanoke are renters.

Income and Rent Overburden in Roanoke

The median gross income for households in Roanoke is $39,930 a year, or $3,328 a month. The median rent for the city is $728 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Roanoke, a household making less than $2,427 a month would be considered overburdened when renting an apartment at or above the median rent. 45.56% of households who rent are overburdened in Roanoke.1

Area Median Income In Roanoke

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 Roanoke, HUD calculates the Area Median Income for a family of four as $73,100

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 Roanoke

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 Roanoke HUD Rental Assistance in Roanoke

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,400 $17,600 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,600 $29,250 $32,900 $36,550 $39,500 $42,400 $45,350 $48,250
80% of Median $40,950 $46,800 $52,650 $58,500 $63,200 $67,900 $72,550 $77,250
Low Income Housing Tax Credits in Roanoke

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2012, 27 low income apartment communities containing 1,924 rental apartments have been constructed and made affordable to low income persons in Roanoke by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Roanoke

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,600 $29,250 $32,900 $36,550 $39,500 $42,400 $45,350 $48,250
60% of Median $30,720 $35,100 $39,480 $43,860 $47,400 $50,880 $54,420 $57,900

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Roanoke is $39,480 a year, or $3,290 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,290 by 30% to get a maximum rent of $987 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $640 $686 $823 $951 $1,060 $1,170
60% $768 $823 $987 $1,141 $1,272 $1,404
Fair Market Rents in Roanoke

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$555 $668 $844 $1,146 $1,261