Affordable Housing In Suffolk

28 Low Income Apartment Communities In Suffolk

Kings Landing Apartments

1000 Litton Ln
Suffolk, VA
HCV Welcome

Cypress Manor

900 Davis Blvd
Suffolk, VA

Parker Riddick Apartments

1 Stacey Dr
Suffolk, VA

Lynnhill Commons II

116 Nancy Dr
Suffolk, VA
HCV Welcome

Colander Bishop Meadows

925 Brook Ave
Suffolk, VA

Hoffler Apartments

2210 E Washington St
Suffolk, VA

Chorey Park

804 W Constance Rd
Suffolk, VA

Wellons Street Project

401 Wellons St
Suffolk, VA
HCV Welcome

There are 28 low income housing apartment complexes which contain 1,718 affordable apartments for rent in Suffolk. Many of these rental apartments are income based housing with 1,026 apartments that set rent based on your income. In Suffolk, HUD housing programs support 253 rental assistance apartments through programs like Project-based Section 8. There are 692 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Suffolk

Housing Authority Programs
Suffolk Redevelopment and Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH)

Guide To Affordable Housing in Suffolk, Virginia

Suffolk, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 28
Total Low Income Apartments 1,718
Total Rent Assisted Apartments 1,026
Percentage of Housing Units Occupied By Renters 29.39%
Average Renter Household Size 2.72
Total Population 86,184
Housing Units 30,990
Average Household Size 2.75
Median Household Income $65,499 ±$1,792
Median Rent $1,031 ±$36
Percentage Of Renters Overburdened 49.76% ± 4.22pp

Population and Household Demographics

Suffolk is a City in Virginia with a population of 86,184. There are 30,990 households in the city with an average household size of 2.75 persons. 29.39% of households in Suffolk are renters.

Income and Rent Overburden in Suffolk

The median gross income for households in Suffolk is $65,499 a year, or $5,458 a month. The median rent for the city is $1,031 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Suffolk, a household making less than $3,437 a month would be considered overburdened when renting an apartment at or above the median rent. 49.76% of households who rent are overburdened in Suffolk.1

Area Median Income In Suffolk

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 Suffolk, HUD calculates the Area Median Income for a family of four as $79,300

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 Suffolk

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 Suffolk HUD Rental Assistance in Suffolk

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,700 $19,050 $21,450 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $27,800 $31,750 $35,700 $39,650 $42,850 $46,000 $49,200 $52,350
80% of Median $44,450 $50,800 $57,150 $63,450 $68,550 $73,650 $78,700 $83,800
Low Income Housing Tax Credits in Suffolk

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

From 1988 to 2009, 7 low income apartment communities containing 488 rental apartments have been constructed and made affordable to low income persons in Suffolk 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 Suffolk

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $27,800 $31,750 $35,700 $39,650 $42,850 $46,000 $49,200 $52,350
60% of Median $33,360 $38,100 $42,840 $47,580 $51,420 $55,200 $59,040 $62,820

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 Suffolk is $42,840 a year, or $3,570 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,570 by 30% to get a maximum rent of $1,071 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% $695 $744 $893 $1,031 $1,150 $1,269
60% $834 $893 $1,071 $1,238 $1,380 $1,523
Fair Market Rents in Suffolk

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$919 $925 $1,104 $1,553 $1,938