Affordable Housing In Big Wells
Housing Authorities that serve Big Wells
|Housing Authority of the City of Laredo||Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV); Section 8 Project-Based Rental Assistance (PBRA); Rental Assistance Demonstration (RAD); Moderate Rehabilitation|
Guide To Affordable Housing in Big Wells, Texas
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Big Wells, Texas.
Income Based Apartments in Big Wells, Texas
Big Wells features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Big Wells, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Big Wells.
Housing Choice Vouchers in Big Wells, Texas
On average, Section 8 Housing Choice vouchers pay Big Wells landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Big Wells.
The maximum amount a voucher would pay on behalf of a low-income tenant in Big Wells, Texas for a two-bedroom apartment is between $667 and $815.
2020 Big Wells, Texas Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Fair Market Rent||$549||$592||$741||$984||$1,114|
|Payment Standard Range||$494 to $604||$533 to $651||$667 to $815||$886 to $1,082||$1,003 to $1,225|
Sourced from federal housing data and AffordableHousingOnline.com research.
Big Wells, TX Affordable Housing Snapshot
|Total Affordable Apartment Properties||0|
|Total Low Income Apartments||0|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||14.36%|
|Average Renter Household Size||4.86|
|Average Household Size||3.65|
|Median Household Income||$24,583 ±$16,050|
|Median Rent||$646 ±$185|
|Percentage Of Renters Overburdened||44.83% ± 70.86pp|
Population and Household Demographics
Big Wells is a City in Dimmit County, Texas with a population of 737. There are 202 households in the city with an average household size of 3.65 persons. 14.36% of households in Big Wells are renters.
Income and Rent Overburden in Big Wells
The median gross income for households in Big Wells is $24,583 a year, or $2,049 a month. The median rent for the city is $646 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Big Wells, a household making less than $2,153 a month would be considered overburdened when renting an apartment at or above the median rent. 44.83% of households who rent are overburdened in Big Wells.1
Area Median Income In Big Wells
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 Big Wells, the AMI is calculated from all households within Dimmit County.
In Big Wells, HUD calculates the Area Median Income for a family of four as $43,200
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 Big Wells
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 HUD Rental Assistance in Big Wells
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,490||$16,910||$21,330||$25,750||$30,170||$34,050||$36,400||$38,750|
|50% of Median||$20,550||$23,500||$26,450||$29,350||$31,700||$34,050||$36,400||$38,750|
|80% of Median||$32,900||$37,600||$42,300||$46,950||$50,750||$54,500||$58,250||$62,000|