# Allegany County

### Summary

31.2% share of renter households  
46.5% share of low-income households  
41.3% share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Households              | % share |  
|-------------------------|---------|  
| Renter households       | 8,611   | 31.2%  
| Homeowner households    | 18,952  | 68.8%  
| Total households        | 27,563  | 100.0% |

#### Low-income renter households

| Renter households by income group | Households | % share |  
|-----------------------------------|------------|---------|  
| Extremely low-income (≤30% AMI)  | 1,318      | 15.3%   |  
| Very low-income (31-50% AMI)     | 1,140      | 13.2%   |  
| Low-income (51-80% AMI)          | 1,548      | 18.0%   |  
| All low-income households (<80% AMI) | 4,006    | 46.5%   |

#### Rent-burdened households

| Share of income spent on rent | Households | % share |  
|-------------------------------|------------|---------|  
| Moderately rent-burdened      | 1,981      | 23.0%   |  
| 30.0–34.9%                   | 660        | 7.7%    |  
| 35.0–39.9%                   | 346        | 4.0%    |  
| 40.0-49.9%                   | 975        | 11.3%   |  
| Severely rent-burdened       | 1,578      | 18.3%   |  
| ≥50.0%                        | 1,578      | 18.3%   |  
| All rent-burdened households  | 3,559      | 41.3%   |

### Affordable housing shortage

#### Rent vs median household income

| Year  | Median household income | Median rent |  
|-------|-------------------------|-------------|  
| 2010  | $21,370                 | $1,146     |  
| 2021  | $26,808                 | $568       |  
| Increase (2010–2021)        | 25.4%      | -50.4%  |

#### Affordable housing stock

| Units                           | Supply (current stock) | Demand (total units needed) | Shortage | Supply/Demand ratio |  
|---------------------------------|-----------------------|--------------------------|----------|---------------------|  
| Total shortage                  | 974                   |  2,210                  | 1,440    | 44.1%               |

## HUD National Low Income Housing Tax Credit (LIHTC) Database

| Name                                   | Type                                 | Year | Zipcode | Market Rate | Low-income | Type | Amount     |
|----------------------------------------|--------------------------------------|------|---------|-------------|------------|------|------------|
| HIGHBRIDGE OVERLOOK                    | New construction                     | 2014 | N/A     | 1           | 154        | N/A  | $1,804,887 |
| IRVINGTON FAMILY APTS                  | New construction                     | 2007 | N/A     | 1           | 99         | N/A  | $1,378,252 |
| HILLTOP VILLAGE                        | New construction - Acquisition and Rehab | 2012 | N/A     | 0           | 200        | N/A  | $504,385   |
| HUNTINGTON RESERVE                     | NA                                   | 2006 | N/A     | 0           | 168        | N/A  | $424,046   |
| HOLT + HAMILTON FAMILY APARTMENTS     | New construction                     | 2016 | N/A     | 1           | 61         | N/A  | $1,557,010 |
| INTERVALE GARDENS LLC                  | New construction                     | 2008 | N/A     | 1           | 65         | N/A  | $659,087   |
| .......                                | .........                            | .....| .......  | .........    | .........   | .... | ........   |