# Gaston County

### Summary

34.3% share of renter households  
45.3% share of low-income households  
43.5% share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Households               | % share  |
|--------------------------|----------|
| Renter households         | 30,433   |
| Homeowner households      | 58,277   |
| Total households          | 88,710   |

#### Low-income renter households

| Households                     | % share  |
|--------------------------------|----------|
| Extremely low-income ≤30% AMI  | 4,638    |
| Very low-income 31-50% AMI     | 3,309    |
| Low-income 51-80% AMI          | 5,842    |
| All low-income households <80% AMI | 13,789 |

#### Rent-burdened households

| Share of income spent on rent  | Households | % share  |
|--------------------------------|------------|----------|
| Moderately rent-burdened        | 6,461      | 21.2%    |
| 30.0–34.9%                     | 2,425      | 8.0%     |
| 35.0–39.9%                     | 1,652      | 5.4%     |
| 40.0-49.9%                     | 2,384      | 7.8%     |
| Severely rent-burdened         | 6,777      | 22.3%    |
| ≥50.0%                         | 6,777      | 22.3%    |
| All rent-burdened households    | 13,238     | 43.5%    |

### Affordable housing shortage

#### Rent vs median household income

| Median household income       | Amount ($) |  
|--------------------------------|-------------|
| in 2010                        | 25,097     |
| in 2021                        | 36,852     |
| Increase (2010–2021)          | 46.8%      |

| Median rent                   | Amount ($) |  
|--------------------------------|-------------|
| in 2010                        | 419        |
| in 2021                        | 704        |
| Increase (2010–2021)          | 68.0%      |

#### Affordable housing stock

| Supply, demand & shortage     | Units         |
|-------------------------------|---------------|
| Supply (current stock)        | 463           |
| Demand (total units needed)   | 7,276         |
| Shortage                      | 6,908         |
| Total shortage                | 6,908         |
| Supply/demand ratio           | 6.4%          |

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

| Name                             | Location          | No. of units | Income ceiling | LIHTC allocation | Type                                   | Year   | Zipcode | Market Rate | Low-income | Amount        |
|----------------------------------|-------------------|--------------|----------------|------------------|----------------------------------------|--------|---------|-------------|------------|---------------|
| HIGHBRIDGE OVERLOOK              | N/A               | 1            | N/A            | 60% AMI         | New construction                        | 2014   | 10452   | N/A         | 154        | $1,804,887    |
| IRVINGTON FAMILY APTS            | N/A               | 1            | N/A            | 60% AMI         | New construction                        | 2007   | 94538   | N/A         | 99         | $1,378,252    |
| HILLTOP VILLAGE                  | N/A               | 0            | N/A            | 60% AMI         | New construction - Acquisition and Rehab | 2012   | 32208   | N/A         | 200        | $504,385      |
| HUNTINGTON RESERVE                | N/A               | 0            | N/A            | 60% AMI         | NA                                    | 2006   | 32773   | N/A         | 168        | $424,046      |
| HOLT + HAMILTON FAMILY APARTMENTS | N/A               | 1            | N/A            | 60% AMI         | New construction                        | 2016   | 91768   | N/A         | 61         | $1,557,010    |
| INTERVALE GARDENS LLC            | N/A               | 1            | N/A            | 60% AMI         | New construction                        | 2008   | 10459   | N/A         | 65         | $659,087      |
| HOMES OF RENAISSANCE PRESERVE II | N/A               | 0            | N/A            | 60% AMI         | New construction                        | 2012   | 33905   | N/A         | 88         | $1,510,000    |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | N/A       | 1            | N/A            | 60% AMI         | New construction                        | 2013   | 90018   | N/A         | 39         | $674,261      |
| IMPERIAL GARDENS FAMILY APTS     | N/A               | 1            | N/A            | 60% AMI         | New construction                        | 2009   | 92243   | N/A         | 76         | $1,142,750    |
| HOLLY HEIGHTS I + II APARTMENTS  | N/A               | 1            | N/A            | 60% AMI         | Acquisition and Rehab                  | 2016   | 95490   | N/A         | 41         | $435,816      |
| HILTON SENIOR APTS               | N/A               | 0            | N/A            | 60% AMI         | New construction                        | 2007   | 14468   | N/A         | 69         | $242,084      |
| JEFFERSON AVENUE                 | N/A               | 10           | N/A            | 60% AMI         | New construction                        | 2020   | 14208   | N/A         | 79         | $0            |
| INGRAM PRESERVATION              | N/A               | 5            | N/A            | 60% AMI         | Acquisition and Rehab                  | 2005   | 90026   | N/A         | 135        | $390,500      |
| JACOB'S HILL                     | N/A               | 0            | N/A            | 60% AMI         | New construction                        | 2006   | 10567   | N/A         | 103        | $1,420,505    |