# Richmond County

### Summary

31.3% share of renter households

47.6% share of low-income households

48.8% share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Households               | % share |
|-------------------------|---------|
| Renter households       | 53,093  | 31.3%  |
| Homeowner households    | 116,435 | 68.7%  |
| Total households        | 169,528 | 100.0% |

#### Low-income renter households

| Households                     | % share |
|--------------------------------|---------|
| Extremely low-income (≤30% AMI) | 10,359  | 19.5%  |
| Very low-income (31-50% AMI)   | 4,774   | 9.0%   |
| Low-income (51-80% AMI)        | 10,159  | 19.1%  |
| All low-income households (<80% AMI) | 25,292 | 47.6% |

#### Rent-burdened households

| Share of income spent on rent | Households | % share |
|-------------------------------|------------|---------|
| Moderately rent-burdened      | 11,663     | 22.0%  |
| 30.0–34.9%                   | 4,559      | 8.6%   |
| 35.0–39.9%                   | 3,143      | 5.9%   |
| 40.0-49.9%                   | 3,961      | 7.5%   |
| Severely rent-burdened       | 14,254     | 26.8%  |
| ≥50.0%                       | 14,254     | 26.8%  |
| All rent-burdened households  | 25,917     | 48.8%  |

### Affordable housing shortage

#### Rent vs median household income

| Year | Median Household Income ($) | Median Rent ($) | Increase (%) |
|------|------------------------------|-----------------|--------------|
| 2010 | 35,408                       | 1,121           |              |
| 2021 | 49,867                       | 1,315           | 40.8%        |

#### Affordable housing stock

| Units                 | Supply (current stock) | Demand (total units needed) | Shortage | Supply/Demand Ratio (%) |
|-----------------------|------------------------|-----------------------------|----------|-------------------------|
|                       | 28,834                 | 15,110                     | -2,118   | 190.8%                 |

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

| Name                                           | Type                           | Year | Zipcode | Low-income Units | LIHTC Allocation ($) |
|------------------------------------------------|--------------------------------|------|---------|-----------------|---------------------|
| HIGHBRIDGE OVERLOOK                            | New construction               | 2014 | 10452   | 154             | 1,804,887           |
| IRVINGTON FAMILY APTS                          | New construction               | 2007 | 94538   | 99              | 1,378,252           |
| HILLTOP VILLAGE                                | New construction - Acquisition and Rehab | 2012 | 32208   | 200             | 504,385             |
| HUNTINGTON RESERVE                              | N/A                            | 2006 | 32773   | 168             | 424,046             |
| HOLT + HAMILTON FAMILY APARTMENTS              | New construction               | 2016 | 91768   | 61              | 1,557,010           |
| INTERVALE GARDENS LLC                          | New construction               | 2008 | 10459   | 65              | 659,087             |
| HOMES OF RENAISSANCE PRESERVE II               | New construction               | 2012 | 33905   | 88              | 1,510,000           |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS      | New construction               | 2013 | 90018   | 39              | 674,261             |
| IMPERIAL GARDENS FAMILY APTS                   | New construction               | 2009 | 92243   | 76              | 1,142,750           |
| HOLLY HEIGHTS I + II APARTMENTS                | Acquisition and Rehab         | 2016 | 95490   | 41              | 435,816             |
| HILTON SENIOR APTS                             | New construction               | 2007 | 14468   | 69              | 242,084             |
| JEFFERSON AVENUE                               | New construction               | 2020 | 14208   | 79              | 0                   |
| INGRAM PRESERVATION                            | Acquisition and Rehab         | 2005 | 90026   | 135             | 390,500             |
| ...                                            | ...                            | ...  | ...     | ...             | ...                 |