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There are 0 low-income apartments in Town Creek that offer reduced rents to eligible households.
Rental assistance programs support 96 low-income homes in Town Creek where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.
Town Creek, Alabama Affordable Housing Data
Income Based Apartments in Town Creek, Alabama
Town Creek features 96 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Town Creek, Alabama
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Town Creek.
Housing Choice Vouchers in Town Creek, Alabama
On average, Section 8 Housing Choice vouchers pay Town Creek landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Town Creek.
The maximum amount a voucher would pay on behalf of a low-income tenant in Town Creek, Alabama for a two-bedroom apartment is between $832 and $1,016.
2024 Town Creek, Alabama Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. 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.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Town Creek, Alabama Fair Market Rent | $740 | $763 | $924 | $1,202 | $1,352 |
| Town Creek, Alabama Payment Standard Range | $666 to $814 | $687 to $839 | $832 to $1,016 | $1,082 to $1,322 | $1,217 to $1,487 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Town Creek, AL Affordable Housing Snapshot
| Total Affordable Apartment Properties | 2 |
|---|---|
| Total Low Income Apartments | 96 |
| Total Housing Units with Rental Assistance | 96 |
| Percentage of Housing Units Occupied By Renters | 37.44% |
| Average Renter Household Size | 2.52 |
| Average Household Size | 2.41 |
| Median Household Income | $28,382 ±$8,339 |
| Median Rent | $477 ±$269 |
| Percentage Of Renters Overburdened | 28.39% ± 24.66pp |
| Total Population | 998 |
Population and Household Demographics
Town Creek is a city in Lawrence County, Alabama with a population of 998. There are 414 households in the city with an average household size of 2.41 persons. 37.44% of households in Town Creek are renters.
Income and Rent Overburden in Town Creek
The median gross income for households in Town Creek is $28,382 a year, or $2,365 a month. The median rent for the city is $477 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Town Creek, a household making less than $1,590 a month would be considered overburdened when renting an apartment at or above the median rent. 28.39% of households who rent are overburdened in Town Creek.
Area Median Income In Town Creek
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.
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. For Town Creek, the AMI is calculated from all households within Lawrence County.
In Town Creek, HUD calculates the Area Median Income for a family of four as $86,300
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 Town Creek
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 HUD Rental Assistance in Town Creek
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Town Creek AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$15,700 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $49,350 |
| 50% AMI Income Limits Renters earning up to 50% of the Town Creek AMI may qualify for rental assistance programs that target Very Low Income households. |
$26,150 | $29,900 | $33,650 | $37,350 | $40,350 | $43,350 | $46,350 | $49,350 |
| 80% AMI Income Limits Renters earning up to 80% of the Town Creek AMI may qualify for rental assistance programs that target Low Income households. |
$41,850 | $47,800 | $53,800 | $59,750 | $64,550 | $69,350 | $74,100 | $78,900 |
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