# Pender County

### Summary

19.6%
share of renter households

46.5%
share of low-income households

43.7%
share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Household Type          | Households | % share  |
|-------------------------|------------|----------|
| Renter households       | 4,437      | 19.6%    |
| Homeowner households    | 18,216     | 80.4%    |
| Total households        | 22,653     | 100.0%   |

#### Low-income renter households

| Income Group             | Households | % share  |
|-------------------------|------------|----------|
| Extremely low-income    | ≤30% AMI   | 805      | 18.1%    |
| Very low-income         | 31-50% AMI | 435      | 9.8%     |
| Low-income              | 51-80% AMI | 823      | 18.5%    |
| All low-income households| <80% AMI   | 2,063    | 46.5%    |

#### Rent-burdened households

| Share of Income Spent on Rent | Households | % share  |
|-------------------------------|------------|----------|
| Moderately rent-burdened      | 878        | 19.8%    |
| 30.0–34.9%                    | 284        | 6.4%     |
| 35.0–39.9%                    | 373        | 8.4%     |
| 40.0-49.9%                    | 221        | 5.0%     |
| Severely rent-burdened        | 1,060      | 23.9%    |
| ≥50.0%                         | 1,060      | 23.9%    |
| All rent-burdened households  | 1,938      | 43.7%    |

### Affordable housing shortage

#### Rent vs median household income

| Year | Median Household Income ($) |  Median Rent ($) |
|------|-----------------------------|-------------------|
| 2010 | 24,302                      | 438               |
| 2021 | 35,348                      | 693               |
| Increase (2010–2021) | 45.5% | 58.2% |

#### Affordable housing stock

| Supply, Demand & Shortage      | Units  |
|--------------------------------|--------|
| Supply (current stock)           | 1,700  |
| Demand (total units needed)      | 1,115  |
| Shortage                        | -117   |
| Total shortage                  | -117   |
| Supply/Demand Ratio             | 152.5% |

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

| Name                                   | Type                             | Year | Number of Units | LIHTC Allocation ($) |
|----------------------------------------|----------------------------------|------|-----------------|----------------------|
| HIGHBRIDGE OVERLOOK                   | New construction                   | 2014 | 60              | 1,804,887            |
| IRVINGTON FAMILY APTS                 | New construction                   | 2007 | 99              | 1,378,252            |
| HILLTOP VILLAGE                       | New construction - Acquisition and Rehab | 2012 | 200             | 504,385              |
| HUNTINGTON RESERVE                     | NA                               | 2006 | 168             | 424,046              |
| HOLT + HAMILTON FAMILY APARTMENTS     | New construction                   | 2016 | 61              | 1,557,010            |
| INTERVALE GARDENS LLC                 | New construction                   | 2008 | 65              | 659,087              |
| HOMES OF RENAISSANCE PRESERVE II      | New construction                   | 2012 | 88              | 1,510,000            |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction                | 2013 | 39              | 674,261              |
| IMPERIAL GARDENS FAMILY APTS          | New construction                   | 2009 | 76              | 1,142,750            |
| HOLLY HEIGHTS I + II APARTMENTS      | Acquisition and Rehab             | 2016 | 41              | 435,816              |