# Person County

## Summary

22.1%

share of renter households  
48.0%

share of low-income households  
49.7%

share of rent-burdened households

## Renter population data

### Renters vs homeowners

| Households             | % share  |
|------------------------|----------|
| Renter households      | 3,523    | 22.1%    |
| Homeowner households    | 12,404   | 77.9%    |
| Total households       | 15,927   | 100.0%   |

### Low-income renter households

| Households             | % share  |
|------------------------|----------|
| Extremely low-income   | ≤30% AMI  | 689      | 19.6%    |
| Very low-income        | 31-50% AMI | 431      | 12.2%    |
| Low-income             | 51-80% AMI | 571      | 16.2%    |
| All low-income         | <80% AMI   | 1,691    | 48.0%    |

### Rent-burdened households

| Share of income spent on rent | Households | % share
|-------------------------------|------------|----------|
| Moderately rent-burdened      | 713        | 20.2%    |
| 30.0–34.9%                    | 369        | 10.5%    |
| 35.0–39.9%                    | 22         | 0.6%     |
| 40.0-49.9%                    | 322        | 9.1%     |
| Severely rent-burdened        | 1,037      | 29.4%    |
| ≥50.0%                        | 1,037      | 29.4%    |
| All rent-burdened households   | 1,750      | 49.7%    |

## Affordable housing shortage

### Rent vs median household income

| Year | Median household income | Median rent | Increase (2010–2021) |
|------|-------------------------|--------------|----------------------|
| 2010 | $24,808                 | $498        | 11.8%                |
| 2021 | $27,728                 | $514        | 3.2%                 |

### Affordable housing stock

| Units                       | Amount      |
|-----------------------------|-------------|
| Supply (current stock)      | 3,009       |
| Demand (total units needed) | 1,058       |
| Shortage                    | -1,210      |
| Total shortage              | -1,210      |
| Supply/demand ratio         | 284.4%      |

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

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