# Montgomery County

### Summary

26.4%

share of renter households

42.4%

share of low-income households

29.2%

share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Households           | % share  |
|----------------------|----------|
| Renter households     | 2,406    | 26.4% |
| Homeowner households  | 6,706    | 73.6% |
| Total households      | 9,112    | 100.0% |

#### Low-income renter households

| Households                  | % share  |
|-----------------------------|----------|
| Extremely low-income (≤30% AMI) | 325      | 13.5% |
| Very low-income (31-50% AMI) | 375      | 15.6% |
| Low-income (51-80% AMI)      | 320      | 13.3% |
| All low-income households (<80% AMI) | 1,020    | 42.4% |

#### Rent-burdened households

| Households         | % share  |
|--------------------|----------|
| Moderately rent-burdened | 321      | 13.3% |
| 30.0–34.9%        | 114      | 4.7%  |
| 35.0–39.9%        | 89       | 3.7%  |
| 40.0-49.9%        | 118      | 4.9%  |
| Severely rent-burdened | 382       | 15.9% |
| ≥50.0%             | 382      | 15.9% |
| All rent-burdened households | 703      | 29.2% |

### Affordable housing shortage

#### Rent vs median household income

- Median household income  
  - Amount ($)  
  - in 2010: 18,479  
  - in 2021: 28,750  
  - Increase (2010–2021): 55.6%

- Median rent  
  - Amount ($)  
  - in 2010: 497  
  - in 2021: 441  
  - Increase (2010–2021): -11.3%

- Affordable housing stock  
  - Supply, demand & shortage  
  - Units  
  - Supply (current stock): 1,688  
  - Demand (total units needed): 670  
  - Shortage: -398  
  - Total shortage: 398
  - Supply/Demand ratio: 251.9%

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

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