Builders Patch | HousingCount Hancock County affordable housing data.

Hancock County

Summary

Renter population data

Renters vs homeowners

Households % share
Renter households 602
Homeowner households 2,250
Total households 2,852

Low-income renter households

Renter households by income group Households % share
Extremely low-income (≤30% AMI) 158 26.2%
Very low-income (31-50% AMI) 71 11.8%
Low-income (51-80% AMI) 40 6.6%
All low-income households (<80% AMI) 269 44.7%

Rent-burdened households

Share of income spent on rent Households % share
Moderately rent-burdened (30.0–34.9%) 103 17.1%
35.0–39.9% 63 10.5%
40.0-49.9% 19 3.2%
Severely rent-burdened (≥50.0%) 158 26.2%
All rent-burdened households 261 43.4%

Affordable housing shortage

Rent vs median household income Amount ($)
Median household income in 2010 12,340
Median household income in 2021 22,692
Increase (2010–2021) 83.9%
Median rent in 2010 315
Median rent in 2021 361
Increase (2010–2021) 14.6%
Affordable housing stock Units
Supply (current stock) 570
Demand (total units needed) 217
Shortage -267
Total shortage 262.7%

HUD National Low Income Housing Tax Credit (LIHTC) Database

Name Type Year Zipcode Market Rate Low-income Amount
HIGHBRIDGE OVERLOOK New construction 2014 N/A 1 154 $1,804,887
IRVINGTON FAMILY APTS New construction 2007 N/A 1 99 $1,378,252
HILLTOP VILLAGE New construction - Acquisition and Rehab 2012 N/A 0 200 $504,385
HUNTINGTON RESERVE NA 2006 N/A 0 168 $424,046
HOLT + HAMILTON FAMILY APARTMENTS New construction 2016 N/A 1 61 $1,557,010
INTERVALE GARDENS LLC New construction 2008 N/A 1 65 $659,087
HOMES OF RENAISSANCE PRESERVE II New construction 2012 N/A 0 88 $1,510,000
JEFFERSON BOULEVARD & FIFTH AVENUE APTS New construction 2013 N/A 1 39 $674,261
IMPERIAL GARDENS FAMILY APTS New construction 2009 N/A 1 76 $1,142,750
HOLLY HEIGHTS I + II APARTMENTS Acquisition and Rehab 2016 N/A 1 41 $435,816
HILTON SENIOR APTS New construction 2007 N/A 0 69 $242,084
JEFFERSON AVENUE New construction 2020 N/A 10 79 $0
INGRAM PRESERVATION Acquisition and Rehab 2005 N/A 5 135 $390,500
JACOB'S HILL New construction 2006 N/A 0 103 $1,420,505
HOWARD AVENUE CLUSTER Acquisition and Rehab 2006 N/A 2 5 $50,769
JACKSON TERRACE Acquisition and Rehab 2006 N/A 0 417 $1,557,608
JEFFERSON CLUSTER (ATLANTIC AVE) Acquisition and Rehab 2006 N/A 4 12 $88,403
JEAN C MCKINNEY MANOR New construction 2005 N/A 1 49 $562,511
HOE ASSOC. LP New construction 2006 N/A 1 135 $959,988
HOLLYDALE SENIOR APTS New construction 2010 N/A 1 100 $1,998,601
HORIZONS AT MORGAN HILL New construction 2011 N/A 1 48 $1,226,243
HOOD STREET FAMILY APTS New construction 2004 N/A 1 26 $271,938
HIGH POINT PHASE I New construction 2006 N/A 2 342 $2,816,735
HUMBLE APARTMENTS New construction 2013 N/A 1 51 $451,721
IMPERIAL HIGHWAY APTS Acquisition and Rehab 2003 N/A 1 45 $161,428

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