Housing Authority of Granbury
503 N Crockett Street
The Housing Authority of Granbury administers
a public housing program. The housing authority owns and manages 1 projects which contain 100 affordable rental units.
According to HUD, Housing Authority of Granbury is determined to be a Small public housing authority, meaning it manages between 50 - 249 public housing units.
Housing Authority of Granbury is among the 54% of Texas housing authorities that only offer public housing. Section 8 assistance in its target area is administered by another nearby housing authority.
Source United States Department of Housing and Urban Development (hud.gov, 2014)
Public housing authorities provide several affordable housing assistance programs to renters and sometimes homeowners. Most of these programs are funded by the Federal government through the Department of Housing and Urban Development (HUD).
The two primary housing programs administered by housing authorities are the Section 8 Housing Choice Voucher Program and the Low Rent Housing Program, also known as Public Housing.
Section 8 vouchers provide a rental subsidy to renters that absorbs housing costs that exceed 30% of their income. Renters can use the voucher to rent private housing in apartment communities or privately owned homes. The rent is capped based on a Payment Standard that is determined by the housing authority based on market rents in the target area. Section 8 assistance is very limited across the country and typically waiting lists for the assistance can stretch out for a decade.
Public housing is rental housing owned and managed by housing authorities. Renters pay only 30% of their adjusted income. Typically, public housing consists of apartment developments but sometimes can be scattered single family homes in some suburban or rural housing authorities. Public housing was the first form of affordable housing provided to low income Americans. It is one of the oldest housing assistance programs in the country.
Housing Authority Annual and 5 Year Plans
Public housing agencies, also called public housing authorities, which receive funding from HUD,
are required to submit and receive approval from the US Department of Housing and Urban Development of
both an Annual Plan and a 5 Year Plan. These plans establish each housing authority’s policies,
strategies, programs and operations for meeting the housing needs of persons within their target area.
The housing authority plans include specific details about the cost of renovations to real
estate (also known as capital improvements), changes to Section 8 HCV policies, planned redevelopment of
public housing projects and other major administrative changes.
Following are the HUD-approved public housing agency plans for Housing Authority of Granbury.
||Plan PDF Document