Low Income Apartments In Bosque County
Texas

Low Income Apartments In Bosque County

Clifton Manor Apartments

115 S Avenue P
Clifton, TX
1-2 BR

Bosque Village

110 S. Ave M
Clifton, TX
2 BR
HCV Welcome

205 N 1st St

205 N 1st St
Meridian, TX
Subsidized

608 N Avenue I

608 N Avenue I
Clifton, TX
Subsidized

Bosque Village Apartments

110 S Avenue M
Clifton, TX
HCV Welcome

Valley Mills Manor

200 Nutt St
Valley Mills, TX

407 D St

407 D St
Meridian, TX

Clifton Manor

610 S Avenue F
Clifton, TX
HCV Welcome
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There are 8 low income housing apartment complexes which contain 276 affordable apartments for rent in Bosque County, Texas. Many of these rental apartments are income based housing with about 100 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 60 Project-Based Section 8 subsidized apartments in Bosque County. There are 176 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Bosque County

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

Other Housing Authorities located in Bosque County

Housing Authority Programs
Housing Authority of Meridian Public Housing
Housing Authority of Clifton Public Housing

Guide To Affordable Housing in Bosque County, Texas

Bosque County, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 276
Total Rent Assisted Apartments 100
Percentage of Housing Units Occupied By Renters 22.59%
Average Renter Household Size 2.57
Total Population 17,971
Housing Units 6,999
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.1

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 $57,900

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 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 Bosque County 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 $12,150 $16,460 $20,780 $25,100 $29,420 $33,600 $35,900 $38,250
50% of Median $20,300 $23,200 $26,100 $28,950 $31,300 $33,600 $35,900 $38,250
80% of Median $32,450 $37,050 $41,700 $46,300 $50,050 $53,750 $57,450 $61,150
Low Income Housing Tax Credits in Bosque County

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

From 1992 to 2006, 2 low income apartment communities containing 56 rental apartments have been constructed and made affordable to low income persons in Bosque County 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 Bosque County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $24,360 $27,840 $31,320 $34,740 $37,560 $40,320 $43,080 $45,900

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 Bosque County is $31,320 a year, or $2,610 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,610 by 30% to get a maximum rent of $783 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% $508 $544 $653 $753 $840 $927
60% $609 $653 $783 $904 $1,008 $1,112
Fair Market Rents in Bosque County

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$529 $532 $704 $882 $952

Cities In Bosque County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Clifton 5 The HUD funded Public Housing Agencies that serve Clifton are the Housing Authority of Clifton and Texas Department of Housing and Community Affairs.
Meridian 2 The HUD funded Public Housing Agencies that serve Meridian are the Housing Authority of Meridian and Texas Department of Housing and Community Affairs.
Cranfills Gap 0 The HUD funded Public Housing Agency that serves Cranfills Gap is the Texas Department of Housing and Community Affairs.
Valley Mills 1 The HUD funded Public Housing Agency that serves Valley Mills is the Texas Department of Housing and Community Affairs.
Iredell 0 The HUD funded Public Housing Agency that serves Iredell is the Texas Department of Housing and Community Affairs.
Laguna Park 0 The HUD funded Public Housing Agency that serves Laguna Park is the Texas Department of Housing and Community Affairs.
Morgan 0 The HUD funded Public Housing Agency that serves Morgan is the Texas Department of Housing and Community Affairs.
Walnut Springs 0 The HUD funded Public Housing Agency that serves Walnut Springs is the Texas Department of Housing and Community Affairs.