Affordable Housing In Belton
Bell County, Texas

6 Low Income Apartment Communities In Belton

Belle Oaks

1100 Shady Ln
Belton, TX
Subsidized

Chisholm Trail Senior Village

1003 W. Martin Luther King Jr Ave.
Belton, TX
HCV Welcome

Colonial Crossing Apartments

3200 COLONIAL PKWY
Belton, TX

Bell Village Apartments

724 E Avenue N
Belton, TX
Subsidized

Charrs Acres

607 Saunders St
Belton, TX

900 W Avenue I

900 W Avenue I
Belton, TX
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Housing Authorities that serve Belton

Housing Authority Programs
Housing Authority of Belton Public Housing
Central Texas Council of Governments Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Belton, Texas

There are 6 low income housing apartment communities offering 1,134 affordable apartments for rent in Belton, Texas. Belton features 998 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 60 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Belton.

Sourced from federal housing data and AffordableHousingOnline.com research.

Belton, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 1,134
Total Housing Units with Rental Assistance 998
Percentage of Housing Units Occupied By Renters 47.11%
Average Renter Household Size 2.82
Average Household Size 2.89
Median Household Income $51,033 ±$4,721
Median Rent $760 ±$38
Percentage Of Renters Overburdened 31.22% ± 6.16pp
Total Population 19,766

Population and Household Demographics

Belton is a City in Bell County, Texas with a population of 19,766. There are 6,228 households in the city with an average household size of 2.89 persons. 47.11% of households in Belton are renters.

Income and Rent Overburden in Belton

The median gross income for households in Belton is $51,033 a year, or $4,253 a month. The median rent for the city is $760 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Belton, a household making less than $2,533 a month would be considered overburdened when renting an apartment at or above the median rent. 31.22% of households who rent are overburdened in Belton.1

Area Median Income In Belton

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 Belton, the AMI is calculated from all households within Bell County.

In Belton, HUD calculates the Area Median Income for a family of four as $63,900

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 Belton

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 Belton HUD Rental Assistance in Belton

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,450 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,200
50% of Median $22,400 $25,600 $28,800 $31,950 $34,550 $37,100 $39,650 $42,200
80% of Median $35,800 $40,900 $46,000 $51,100 $55,200 $59,300 $63,400 $67,500
Low Income Housing Tax Credits in Belton

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

From 2006 to 2006, 1 low income apartment communities containing 54 rental apartments have been constructed and made affordable to low income persons in Belton 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 Belton

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,400 $25,600 $28,800 $31,950 $34,550 $37,100 $39,650 $42,200
60% of Median $26,880 $30,720 $34,560 $38,340 $41,460 $44,520 $47,580 $50,640

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 Belton is $34,560 a year, or $2,880 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,880 by 30% to get a maximum rent of $864 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% $560 $600 $720 $831 $928 $1,023
60% $672 $720 $864 $998 $1,113 $1,228
Fair Market Rents in Belton

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
$607 $611 $785 $1,132 $1,378