Affordable Housing In Amarillo
Potter County, Texas

27 Low Income Apartment Communities In Amarillo

Independence Village

4700 S Virginia
Amarillo, TX
Income Based
1-2 BR
Accessible
Disabled Supportive Housing
Subsidized

Town Parc at Amarillo

6501 Woodward Ave
Amarillo, TX
$679-927
1-3 BR
HCV Welcome

The Granite at Thirty-Fourth

3308 Eddy St
Amarillo, TX
$595-795
1-2 BR

Canyons at 45 West

4101 SW 45th
Amarillo, TX
Call For Rent
1-3 BR
HCV Welcome

Independence Village

4700 S Virginia St
Amarillo, TX
Call For Rent
Studio-2 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Marabella

5781 W. Amarillo Blvd
Amarillo, TX
Call For Rent
1-2 BR
HCV Welcome

Spring Terrace Apartments

2600 S Spring St
Amarillo, TX
Subsidized

Win Lin Village Apartments

5700 Wabash St
Amarillo, TX
Subsidized

Amarillo Gardens Apartments

1223 S Roberts St
Amarillo, TX
Subsidized

Community Options Amarillo

4205 Vance Ave
Amarillo, TX
Accessible
Disabled Supportive Housing
Subsidized

Housing Authorities that serve Amarillo

Housing Authority Programs
City of Amarillo Community Development Department Section 8 Housing Choice Voucher (HCV)
Panhandle Community Services Section 8 Housing Choice Voucher (HCV); Veteran Affairs Supportive Housing (VASH)

Guide To Affordable Housing in Amarillo, Texas

According to federal housing data and AffordableHousingOnline.com research, there are 27 low income housing apartment communities offering 2,512 affordable apartments for rent in Amarillo, Texas. Amarillo features 669 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,843 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Amarillo.

Amarillo, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 27
Total Low Income Apartments 2,512
Total Housing Units with Rental Assistance 669
Percentage of Housing Units Occupied By Renters 38.92%
Average Renter Household Size 2.44
Average Household Size 2.60
Median Household Income $47,735 ±$1,379
Median Rent $766 ±$16
Percentage Of Renters Overburdened 44.93% ± 2.23pp
Total Population 196,571

Population and Household Demographics

Amarillo is a City in Potter County, Texas with a population of 196,571. There are 74,769 households in the city with an average household size of 2.60 persons. 38.92% of households in Amarillo are renters.

Income and Rent Overburden in Amarillo

The median gross income for households in Amarillo is $47,735 a year, or $3,978 a month. The median rent for the city is $766 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Amarillo, a household making less than $2,553 a month would be considered overburdened when renting an apartment at or above the median rent. 44.93% of households who rent are overburdened in Amarillo.1

Area Median Income In Amarillo

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Amarillo, the AMI is calculated from all households within Potter County.

In Amarillo, HUD calculates the Area Median Income for a family of four as $71,600

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Amarillo

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Amarillo HUD Rental Assistance in Amarillo

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,050 $17,200 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,100 $28,650 $32,250 $35,800 $38,700 $41,550 $44,400 $47,300
80% of Median $40,150 $45,850 $51,600 $57,300 $61,900 $66,500 $71,100 $75,650
Low Income Housing Tax Credits in Amarillo

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2009, 30 low income apartment communities containing 1,590 rental apartments have been constructed and made affordable to low income persons in Amarillo by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Amarillo

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,100 $28,650 $32,250 $35,800 $38,700 $41,550 $44,400 $47,300
60% of Median $30,120 $34,380 $38,700 $42,960 $46,440 $49,860 $53,280 $56,760

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Amarillo is $38,700 a year, or $3,225 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,225 by 30% to get a maximum rent of $968 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $628 $672 $806 $931 $1,039 $1,146
60% $753 $806 $968 $1,118 $1,247 $1,376
Fair Market Rents in Amarillo

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$596 $675 $872 $1,192 $1,334