Affordable Housing In Bolivar Peninsula
Galveston County, Texas

Housing Authorities that serve Bolivar Peninsula

Housing Authority Programs
Texas Department of Housing and Community Affairs Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Bolivar Peninsula, Texas

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Bolivar Peninsula, Texas.

Income Based Apartments in Bolivar Peninsula, Texas

Bolivar Peninsula 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 Bolivar Peninsula, Texas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bolivar Peninsula.

Housing Choice Vouchers in Bolivar Peninsula, Texas

On average, Section 8 Housing Choice vouchers pay Bolivar Peninsula landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bolivar Peninsula.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bolivar Peninsula, Texas for a two-bedroom apartment is between $986 and $1,206.

2020 Bolivar Peninsula, 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 $826 $908 $1,096 $1,485 $1,878
Payment Standard Range $743 to $909 $817 to $999 $986 to $1,206 $1,337 to $1,634 $1,690 to $2,066

Sourced from federal housing data and research.

Bolivar Peninsula, 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 20.74%
Average Renter Household Size 2.15
Average Household Size 2.45
Median Household Income $61,393 ±$14,275
Median Rent $592 ±$437
Percentage Of Renters Overburdened 54.3% ± 32.55pp
Total Population 2,196

Population and Household Demographics

Bolivar Peninsula is a City in Galveston County, Texas with a population of 2,196. There are 897 households in the city with an average household size of 2.45 persons. 20.74% of households in Bolivar Peninsula are renters.

Income and Rent Overburden in Bolivar Peninsula

The median gross income for households in Bolivar Peninsula is $61,393 a year, or $5,116 a month. The median rent for the city is $592 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bolivar Peninsula, a household making less than $1,973 a month would be considered overburdened when renting an apartment at or above the median rent. 54.3% of households who rent are overburdened in Bolivar Peninsula.1

Area Median Income In Bolivar Peninsula

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 Bolivar Peninsula, the AMI is calculated from all households within Galveston County.

In Bolivar Peninsula, HUD calculates the Area Median Income for a family of four as $76,300

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 Bolivar Peninsula

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 Bolivar Peninsula

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,050 $18,350 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,750 $30,550 $34,350 $38,150 $41,250 $44,300 $47,350 $50,400
80% of Median $42,750 $48,850 $54,950 $61,050 $65,950 $70,850 $75,750 $80,600