# Henry County

### Summary

23.9%

share of renter households

45.1%

share of low-income households

37.2%

share of rent-burdened households

### Renter population data

| Households                       | % share  |
|----------------------------------|----------|
| Renter households                 | 3,093    | 23.9%   |
| Homeowner households              | 9,845    | 76.1%   |
| Total households                  | 12,938   | 100.0%  |

### Low-income renter households

| Renter households by income group  | Households | % share  |
|------------------------------------|------------|----------|
| Extremely low-income (≤30% AMI)   | 370        | 12.0%   |
| Very low-income (31-50% AMI)      | 492        | 15.9%   |
| Low-income (51-80% AMI)           | 532        | 17.2%   |
| All low-income households (<80% AMI) | 1,394    | 45.1%   |

### Rent-burdened households

| Share of income spent on rent       | Households | % share  |
|-------------------------------------|------------|----------|
| Moderately rent-burdened            | 564        | 18.2%   |
| 30.0–34.9%                         | 166        | 5.4%    |
| 35.0–39.9%                         | 129        | 4.2%    |
| 40.0-49.9%                         | 269        | 8.7%    |
| Severely rent-burdened             | 588        | 19.0%   |
| ≥50.0%                             | 588        | 19.0%   |
| All rent-burdened households       | 1,152      | 37.2%   |

### Affordable housing shortage

Rent vs median household income

| Metric                                   | Amount ($)  |
|------------------------------------------|--------------|
| Median household income                   |              |
| in 2010                                  | 23,199       |
| in 2021                                  | 27,722       |
| Increase (2010–2021)                     | 19.5%        |
| Median rent                               |              |
| in 2010                                  | 393          |
| in 2021                                  | 479          |
| Increase (2010–2021)                     | 21.9%        |

### Affordable housing stock

| Metric                            | Units     |
|-----------------------------------|-----------|
| Supply (current stock)            | 240       |
| Demand (total units needed)       | 788       |
| Shortage                          | 609       |
| Total shortage                    | 30.5%     |
| Supply/demand ratio               |           |

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

| Name                                | Location            | Number of units | Income ceiling | LIHTC allocation | Year  | Type                                 | AMI       | Amount       |
|-------------------------------------|---------------------|------------------|------------------|-------------------|-------|--------------------------------------|-----------|--------------|
| HIGHBRIDGE OVERLOOK                 | N/A                 | 1                | N/A              | $1,804,887        | 2014  | New construction                       | 60% AMI   |              |
| IRVINGTON FAMILY APTS               | N/A                 | 1                | N/A              | $1,378,252        | 2007  | New construction                       | 60% AMI   |              |
| HILLTOP VILLAGE                     | N/A                 | 0                | N/A              | $504,385          | 2012  | New construction - Acquisition and Rehab | 60% AMI   |              |
| HUNTINGTON RESERVE                  | N/A                 | 0                | N/A              | $424,046          | 2006  | N/A                                  | 60% AMI   |              |
| HOLT + HAMILTON FAMILY APARTMENTS   | N/A                 | 1                | N/A              | $1,557,010        | 2016  | New construction                       | 60% AMI   |              |
| INTERVALE GARDENS LLC               | N/A                 | 1                | N/A              | $659,087          | 2008  | New construction                       | 60% AMI   |              |
| HOMES OF RENAISSANCE PRESERVE II    | N/A                 | 0                | N/A              | $1,510,000        | 2012  | New construction                       | 60% AMI   |              |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | N/A           | 1                | N/A              | $674,261          | 2013  | New construction                       | 60% AMI   |              |
| IMPERIAL GARDENS FAMILY APTS        | N/A                 | 1                | N/A              | $1,142,750        | 2009  | New construction                       | 60% AMI   |              |
| HOLLY HEIGHTS I + II APARTMENTS     | N/A                 | 1                | N/A              | $435,816          | 2016  | Acquisition and Rehab               | 60% AMI   |              |