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There are 39 low-income apartments in Richland Parish that offer reduced rents to eligible households.
Rental assistance programs support 442 low-income homes in Richland Parish where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $291 towards rent each month.
Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Richland Parish, Louisiana Affordable Housing Data
Income Based Apartments in Richland Parish, Louisiana
Richland Parish features 442 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 Richland Parish, Louisiana
There are 39 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richland Parish.
Housing Choice Vouchers in Richland Parish, Louisiana
On average, Section 8 Housing Choice vouchers pay Richland Parish landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Richland Parish.
The maximum amount a voucher would pay on behalf of a low-income tenant in Richland Parish, Louisiana for a two-bedroom apartment is between $761 and $931.
2024 Richland Parish, Louisiana 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 | |
|---|---|---|---|---|---|
| Richland Parish, Louisiana Fair Market Rent | $645 | $649 | $846 | $1,023 | $1,242 |
| Richland Parish, Louisiana Payment Standard Range | $581 to $710 | $584 to $714 | $761 to $931 | $921 to $1,125 | $1,118 to $1,366 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Richland Parish, LA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 11 |
|---|---|
| Total Low Income Apartments | 481 |
| Total Housing Units with Rental Assistance | 442 |
| Percentage of Housing Units Occupied By Renters | 33.65% |
| Average Renter Household Size | 2.57 |
| Average Household Size | 2.59 |
| Median Household Income | $36,421 ±$3,154 |
| Median Rent | $531 ±$42 |
| Percentage Of Renters Overburdened | 28.51% ± 6.43pp |
| Total Population | 20,777 |
Population and Household Demographics
Richland Parish is a county in Louisiana with a population of 20,777. There are 7,619 households in the county with an average household size of 2.59 persons. 33.65% of households in Richland Parish are renters.
Income and Rent Overburden in Richland Parish
The median gross income for households in Richland Parish is $36,421 a year, or $3,035 a month. The median rent for the county is $531 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Richland Parish, a household making less than $1,770 a month would be considered overburdened when renting an apartment at or above the median rent. 28.51% of households who rent are overburdened in Richland Parish.
Area Median Income In Richland Parish
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 Richland Parish, HUD calculates the Area Median Income for a family of four as $59,000
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 Richland Parish
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 Richland Parish
| 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 Richland Parish AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$14,580 | $19,720 | $24,860 | $28,650 | $30,950 | $33,250 | $35,550 | $37,850 |
| 50% AMI Income Limits Renters earning up to 50% of the Richland Parish AMI may qualify for rental assistance programs that target Very Low Income households. |
$20,100 | $22,950 | $25,800 | $28,650 | $30,950 | $33,250 | $35,550 | $37,850 |
| 80% AMI Income Limits Renters earning up to 80% of the Richland Parish AMI may qualify for rental assistance programs that target Low Income households. |
$32,100 | $36,700 | $41,300 | $45,850 | $49,550 | $53,200 | $56,900 | $60,550 |
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