# Cannon County

## Summary

22.4% share of renter households

46.7% share of low-income households

25.6% share of rent-burdened households

## Renter population data

### Renters vs homeowners

| Households         | % share  |
|-------------------|----------|
| Renter households  | 1,269    |
| Homeowner households | 4,402    |
| Total households   | 5,671    |

### Low-income renter households

#### Renter households by income group

| Households            | % share  |
|----------------------|----------|
| Extremely low-income  | 243      |
| Very low-income      | 161      |
| Low-income           | 189      |
| All low-income households | 593  |

### Rent-burdened households

| Households                | % share  |
|--------------------------|----------|
| Moderately rent-burdened  | 141      |
| 30.0–34.9%               | 13       |
| 35.0–39.9%               | 16       |
| 40.0-49.9%               | 112      |
| Severely rent-burdened    | 184      |
| All rent-burdened households | 325     |

## Affordable housing shortage

### Rent vs median household income

| Year                  | Median household income | Median rent | Increase (2010–2021) |
|-----------------------|-----------------------|-------------|-----------------------|
| 2010                  | 28,594                | 322         | -6.4%                 |
| 2021                  | 26,763                | 448         | 39.1%                 |

### Affordable housing stock

| Supply (current stock) | Demand (total units needed) | Shortage | Supply/Demand Ratio |
|------------------------|----------------------------|----------|---------------------|
| 624                    | 373                        | -61      | 167.3%              |

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

### List of states

| Name                        | Type                         | Year | Zipcode | Number of units | Income ceiling | LIHTC allocation | Amount     |
|-----------------------------|------------------------------|------|---------|----------------|----------------|-------------------|------------|
| HIGHBRIDGE OVERLOOK        | New construction             | 2014 | N/A     | 154            | 60% AMI        | $1,804,887       |
| IRVINGTON FAMILY APTS      | New construction             | 2007 | N/A     | 99             | 60% AMI        | $1,378,252       |
| HILLTOP VILLAGE            | New construction - Acquisition and Rehab | 2012 | N/A     | 200            | 60% AMI        | $504,385         |
| HUNTINGTON RESERVE         | NA                           | 2006 | N/A     | 168            | 60% AMI        | $424,046         |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction | 2016 | N/A     | 61             | 60% AMI        | $1,557,010       |
| INTERVALE GARDENS LLC      | New construction             | 2008 | N/A     | 65             | 60% AMI        | $659,087         |
| HOMES OF RENAISSANCE PRESERVE II | New construction       | 2012 | N/A     | 88             | 60% AMI        | $1,510,000       |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction | 2013 | N/A | 39 | 60% AMI | $674,261 |  
| IMPERIAL GARDENS FAMILY APTS | New construction             | 2009 | N/A     | 76             | 60% AMI        | $1,142,750       |
| HOLLY HEIGHTS I + II APARTMENTS | Acquisition and Rehab   | 2016 | N/A     | 41             | 60% AMI        | $435,816         |
| HILTON SENIOR APTS        | New construction             | 2007 | N/A     | 69             | 60% AMI        | $242,084         |
| JEFFERSON AVENUE          | New construction             | 2020 | N/A     | 79             | 60% AMI        | $0               |
| INGRAM PRESERVATION       | Acquisition and Rehab        | 2005 | N/A     | 135            | 60% AMI        | $390,500         |
| JACKSON TERRACE           | Acquisition and Rehab        | 2006 | N/A     | 417            | 60% AMI        | $1,557,608       |

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