![]() ![]() Income Qualifications for HUD Rental Assistance in Atlanta 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person 30% AMI Income Limits 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. 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. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811. Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. In Atlanta, HUD calculates the Area Median Income for a family of four as $103,500 For Atlanta, the AMI is calculated from all households within Fulton County. HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. The AMI is calculated and published each year by HUD. ![]() This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. ![]() Each household's income is compared to the incomes of all other households in the area. Area Median Income In AtlantaĪffordable housing program eligibility is always determined by one's income. In Atlanta, a household making less than $3,250 a month would be considered overburdened when renting an apartment at or above the median rent.Ĥ8.42% of households who rent are overburdened in Atlanta. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Atlanta is $47,527 a year, or $3,961 a month. 56.42% of households in Atlanta are renters. There are 185,820 households in the city with an average household size of 2.25 persons. ± 1.33pp Total Population 448,901 Population and Household DemographicsĪtlanta is a city in Fulton County, Georgia with a population of 448,901. ±$10 Percentage Of Renters Overburdened 48.42% Total Affordable Apartment Properties 275 Total Low Income Apartments 38,523 Total Housing Units with Rental Assistance 17,634 Percentage of Housing Units Occupied By Renters 56.42% Average Renter Household Size 2.18 Average Household Size 2.25 Median Household Income $47,527 Sourced from federal housing data and research. 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. 2023 Atlanta, Georgia Fair Market Rents and Housing Choice Voucher Payment Standardsįair Market Rents can be used to better understand the average housing costs of an area. The maximum amount a voucher would pay on behalf of a low-income tenant in Atlanta, Georgia for a two-bedroom apartment is between $1,398 and $1,708. The average voucher holder contributes $400 towards rent in Atlanta. On average, Section 8 Housing Choice vouchers pay Atlanta landlords $700 per month towards rent. Housing Choice Vouchers in Atlanta, Georgia There are 20,484 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Atlanta. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Atlanta, Georgia Affordable Housing Data Income Based Apartments in Atlanta, GeorgiaĪtlanta features 17,634 income based apartments. ![]()
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