Low Income Apartments In Ferry County
Washington

Low Income Apartments In Ferry County

Republic Gardens

627 S Madison Ave
Republic, WA
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1-3 BR
Subsidized

Frontier Springs

11 Northstar Ln
Republic, WA
HCV Welcome
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There are 2 low income housing apartment complexes which contain 31 affordable apartments for rent in Ferry County. Many of these rental apartments are income based housing with 17 apartments that set rent based on your income. In Ferry County, HUD housing programs support 17 rental assistance apartments through programs like Project-based Section 8. There are 14 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Ferry County

Housing Authority Programs
Ferry County Joint Housing Authority Section 8 Housing Choice Voucher (HCV)
Rural Resources Community Action Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Ferry County, Washington

Ferry County, WA Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 31
Total Rent Assisted Apartments 17
Percentage of Housing Units Occupied By Renters 28.81%
Average Renter Household Size 2.27
Total Population 7,652
Housing Units 3,103
Average Household Size 2.39
Median Household Income $38,125 ±$3,523
Median Rent $550 ±$59
Percentage Of Renters Overburdened 42.62% ± 7.84pp

Population and Household Demographics

Ferry County is a County in Washington with a population of 7,652. There are 3,103 households in the county with an average household size of 2.39 persons. 28.81% of households in Ferry County are renters.

Income and Rent Overburden in Ferry County

The median gross income for households in Ferry County is $38,125 a year, or $3,177 a month. The median rent for the county is $550 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ferry County, a household making less than $1,833 a month would be considered overburdened when renting an apartment at or above the median rent. 42.62% of households who rent are overburdened in Ferry County.1

Area Median Income In Ferry 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 Ferry County, HUD calculates the Area Median Income for a family of four as $53,500

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 Ferry 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 Ferry County HUD Rental Assistance in Ferry County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,550 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,450
50% of Median $22,550 $25,750 $28,950 $32,150 $34,750 $37,300 $39,900 $42,450
80% of Median $36,050 $41,200 $46,350 $51,450 $55,600 $59,700 $63,800 $67,950
Low Income Housing Tax Credits in Ferry County

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

From 2001 to 2001, 1 low income apartment communities containing 13 rental apartments have been constructed and made affordable to low income persons in Ferry County 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 Ferry County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $27,060 $30,900 $34,740 $38,580 $41,700 $44,760 $47,880 $50,940

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 Ferry County is $34,740 a year, or $2,895 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,895 by 30% to get a maximum rent of $869 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% $564 $604 $724 $836 $933 $1,029
60% $677 $725 $869 $1,004 $1,119 $1,235
Fair Market Rents in Ferry County

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
$512 $599 $792 $1,079 $1,097

Cities In Ferry County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Republic 2 The HUD funded Public Housing Agencies that serve Republic are the Ferry County Joint Housing Authority and Rural Resources Community Action.
Barney's Junction 0 The HUD funded Public Housing Agency that serves Barney's Junction is the Rural Resources Community Action.
Barstow 0 The HUD funded Public Housing Agency that serves Barstow is the Rural Resources Community Action.
Boyds 0 The HUD funded Public Housing Agency that serves Boyds is the Rural Resources Community Action.
Curlew 0 The HUD funded Public Housing Agency that serves Curlew is the Rural Resources Community Action.
Curlew Lake 0 The HUD funded Public Housing Agency that serves Curlew Lake is the Rural Resources Community Action.
Danville 0 The HUD funded Public Housing Agency that serves Danville is the Rural Resources Community Action.
Inchelium 0 The HUD funded Public Housing Agency that serves Inchelium is the Rural Resources Community Action.
Keller 0 The HUD funded Public Housing Agency that serves Keller is the Rural Resources Community Action.
Laurier 0 The HUD funded Public Housing Agency that serves Laurier is the Rural Resources Community Action.
Malo 0 The HUD funded Public Housing Agency that serves Malo is the Rural Resources Community Action.
Orient 0 The HUD funded Public Housing Agency that serves Orient is the Rural Resources Community Action.
Pine Grove 0 The HUD funded Public Housing Agency that serves Pine Grove is the Rural Resources Community Action.
Torboy 0 The HUD funded Public Housing Agency that serves Torboy is the Rural Resources Community Action.
Twin Lakes 0 The HUD funded Public Housing Agency that serves Twin Lakes is the Rural Resources Community Action.