Affordable Housing In Bosque County
8 Low Income Apartment Communities In Bosque County
Housing Authorities that serve Bosque County
|Texas Department of Housing and Community Affairs||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Bosque County, Texas
There are 8 low income housing apartment communities offering 280 affordable apartments for rent in Bosque County, Texas.
Income Based Apartments in Bosque County, Texas
Bosque County features 120 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 Bosque County, Texas
There are 160 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bosque County.
Housing Choice Vouchers in Bosque County, Texas
On average, Section 8 Housing Choice vouchers pay Bosque County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bosque County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bosque County, Texas for a two-bedroom apartment is between $643 and $785.
2020 Bosque County, 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||$529||$542||$714||$890||$1,010|
|Payment Standard Range||$476 to $582||$488 to $596||$643 to $785||$801 to $979||$909 to $1,111|
Sourced from federal housing data and AffordableHousingOnline.com research.
Bosque County, TX Affordable Housing Snapshot
|Total Affordable Apartment Properties||8|
|Total Low Income Apartments||280|
|Total Housing Units with Rental Assistance||120|
|Percentage of Housing Units Occupied By Renters||22.59%|
|Average Renter Household Size||2.57|
|Average Household Size||2.52|
|Median Household Income||$44,674 ±$3,329|
|Median Rent||$629 ±$43|
|Percentage Of Renters Overburdened||31.12% ± 5.26pp|
Population and Household Demographics
Bosque County is a county in Texas with a population of 17,971. There are 6,999 households in the county with an average household size of 2.52 persons. 22.59% of households in Bosque County are renters.
Income and Rent Overburden in Bosque County
The median gross income for households in Bosque County is $44,674 a year, or $3,723 a month. The median rent for the county is $629 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bosque County, a household making less than $2,097 a month would be considered overburdened when renting an apartment at or above the median rent. 31.12% of households who rent are overburdened in Bosque County.
Area Median Income In Bosque County
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.
In Bosque County, HUD calculates the Area Median Income for a family of four as $59,800
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 Bosque County
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 Bosque County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,760||$17,240||$21,720||$26,200||$30,680||$34,700||$37,100||$39,500|
|50% of Median||$20,950||$23,950||$26,950||$29,900||$32,300||$34,700||$37,100||$39,500|
|80% of Median||$33,500||$38,300||$43,100||$47,850||$51,700||$55,550||$59,350||$63,200|
Cities In Bosque County
Select A City to View its Apartment Communities and Waiting Lists.
|Clifton||The HUD funded Public Housing Agencies that serve Clifton are the Housing Authority of Clifton and Texas Department of Housing and Community Affairs.|
|Cranfills Gap||The HUD funded Public Housing Agency that serves Cranfills Gap is the Texas Department of Housing and Community Affairs.|
|Iredell||The HUD funded Public Housing Agency that serves Iredell is the Texas Department of Housing and Community Affairs.|
|Laguna Park||The HUD funded Public Housing Agency that serves Laguna Park is the Texas Department of Housing and Community Affairs.|
|Meridian||The HUD funded Public Housing Agencies that serve Meridian are the Housing Authority of Meridian and Texas Department of Housing and Community Affairs.|
|Morgan||The HUD funded Public Housing Agency that serves Morgan is the Texas Department of Housing and Community Affairs.|
|Valley Mills||The HUD funded Public Housing Agency that serves Valley Mills is the Texas Department of Housing and Community Affairs.|
|Walnut Springs||The HUD funded Public Housing Agency that serves Walnut Springs is the Texas Department of Housing and Community Affairs.|