Affordable Housing In Oconto County
Wisconsin

12 Low Income Apartment Communities In Oconto County

Housing Authorities that serve Oconto County

Other Housing Authorities located in Oconto County

Guide To Affordable Housing in Oconto County, Wisconsin

There are 12 low income housing apartment communities offering 391 affordable apartments for rent in Oconto County, Wisconsin. Oconto County features 203 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 188 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Oconto County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Oconto County, WI Affordable Housing Snapshot

Population and Household Demographics

Oconto County is a County in Wisconsin with a population of 37,476. There are 15,486 households in the county with an average household size of 2.40 persons. 16.37% of households in Oconto County are renters.

Income and Rent Overburden in Oconto County

The median gross income for households in Oconto County is $52,765 a year, or $4,397 a month. The median rent for the county is $606 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Oconto County, a household making less than $2,020 a month would be considered overburdened when renting an apartment at or above the median rent. 33.77% of households who rent are overburdened in Oconto County.¹

Area Median Income In Oconto 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 Oconto County, HUD calculates the Area Median Income for a family of four as $69,200

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 Oconto 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 Oconto County HUD Rental Assistance in Oconto County

Low Income Housing Tax Credits in Oconto County

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

From 1988 to 2011, 4 low income apartment communities containing 50 rental apartments have been constructed and made affordable to low income persons in Oconto 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 Oconto County

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 Oconto County is $37,380 a year, or $3,115 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,115 by 30% to get a maximum rent of $935 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.

Fair Market Rents in Oconto 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.

2020 Fair Market Rents