Builders Patch | HousingCount Morgan County affordable housing data.

Morgan County

Summary

36.1% share of renter households
52.2% share of low-income households
39.1% share of rent-burdened households

Renter population data

Households % share
Renter households 3,830
Homeowner households 6,771
Total households 10,601
Low-income renter households 1,999

Renter households by income group

Households % share
Extremely low-income ≤30% AMI 692
Very low-income 31-50% AMI 479
Low-income 51-80% AMI 828

Rent-burdened households

Share of income spent on rent Households % share
Moderately rent-burdened 837 21.9%
30.0–34.9% 327 8.5%
35.0–39.9% 307 8.0%
40.0-49.9% 203 5.3%
Severely rent-burdened 659 17.2%

Affordable housing shortage

Median household income Amount ($)
in 2010 30,962
in 2021 44,729
Increase (2010–2021) 44.5%
Median rent Amount ($)
in 2010 387
in 2021 779
Increase (2010–2021) 101.3%
Affordable housing stock Units
Supply (current stock) 1,712
Demand (total units needed) 1,093
Shortage -258
Total shortage -258
Supply/Demand ratio 156.6%

HUD National Low Income Housing Tax Credit (LIHTC) Database

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

... (additional entries will follow the same structure) ...

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