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 Little Rock, HUD calculates the Area Median Income for a family of four as $78,700 For Little Rock, the AMI is calculated from all households within Pulaski 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.
In Little Rock, a household making less than $2,613 a month would be considered overburdened when renting an apartment at or above the median rent.Ĥ5.83% of households who rent are overburdened in Little Rock.Īffordable housing program eligibility is always determined by one's income. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Little Rock is $46,085 a year, or $3,840 a month. Income and Rent Overburden in Little Rock 42.91% of households in Little Rock are renters. There are 79,902 households in the city with an average household size of 2.42 persons. Little Rock is a city in Pulaski County, Arkansas with a population of 196,943. Percentage of Housing Units Occupied By Renters Total Housing Units with Rental Assistance Report this ad Little Rock, AR Affordable Housing Snapshot Sourced from federal housing data and research. Little Rock, Arkansas Payment Standard Range 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. 2022 Little Rock, Arkansas 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 Little Rock, Arkansas for a two-bedroom apartment is between $750 and $916. The average voucher holder contributes $400 towards rent in Little Rock. On average, Section 8 Housing Choice vouchers pay Little Rock landlords $400 per month towards rent. Housing Choice Vouchers in Little Rock, Arkansas There are 4,302 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Little Rock. Low Rent Apartments in Little Rock, Arkansas Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Little Rock features 2,710 income based apartments. Income Based Apartments in Little Rock, Arkansas
There are 79 low income housing apartment communities offering 7,190 affordable apartments for rent in Little Rock, Arkansas. Guide To Affordable Housing in Little Rock, Arkansas Section 8 Housing Choice Voucher (HCV) Public Housing Public Housing Agencies Serving Little Rock, Arkansas Housing Authority Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord. Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction. Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Section 8 Vouchers, Apartments, and Waiting Lists in Little Rock, Arkansas