Affordable Housing In Collin County
Texas

269 Low Income Apartment Communities In Collin County

Saint James Manor Apartments

3119 Easter Ave
Dallas, TX
Income Based
1-4 BR
Subsidized

Woodside Village

703 Bumpas St
Mckinney, TX
Income Based
1-3 BR
Subsidized

Peoples El Shaddai Village

2836 E Overton Rd
Dallas, TX
Income Based
1-4 BR
Subsidized

Chaparral Townhomes

351 Chaparral Rd
Allen, TX
Call For Rent
2-4 BR
HCV Welcome
Market Rate

Gala at Melissa

2730 E Melissa Rd
Melissa, TX
$656-1,100
1-2 BR
55+
HCV Welcome

Provision at Melissa

2650 E Melissa Rd
Melissa, TX
$656-1,250
1-3 BR
HCV Welcome

The Tuscany at Goldmark

13731 Goldmark Dr
Dallas, TX
Call For Rent
1-2 BR
62+
Accessible
HCV Welcome

Villas of Mission Bend - Senior Living

1201 Medical Avenue
Plano, TX
Call For Rent
1-2 BR
62+
Accessible
HCV Welcome

The Waterford at Goldmark

13695 Goldmark Dr
Dallas, TX
Call For Rent
1-2 BR
62+
Accessible
HCV Welcome

Colonial Terrace Apartments

165 S 4th St
Princeton, TX
$890-1,200
1-2 BR
HCV Welcome
Subsidized

Other Housing Authorities located in Collin County

Housing Authority Programs
McKinney Housing Authority - Public Housing Public Housing
Plano Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH)
Housing Authority of Princeton Public Housing
Housing Authority of the City of Frisco Public Housing
Housing Authority of Farmersville Public Housing
Garland Housing Authority Section 8 Housing Choice Voucher (HCV)
McKinney Housing Authority - Section 8 Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Collin County, Texas

According to federal housing data and AffordableHousingOnline.com research, there are 269 low income housing apartment communities offering 38,665 affordable apartments for rent in Collin County, Texas. Collin County features 9,259 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 28,380 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Collin County.

Collin County, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 269
Total Low Income Apartments 38,665
Total Housing Units with Rental Assistance 9,259
Percentage of Housing Units Occupied By Renters 33.52%
Average Renter Household Size 2.41
Average Household Size 2.81
Median Household Income $84,735 ±$1,217
Median Rent $1,119 ±$12
Percentage Of Renters Overburdened 40.29% ± 1.54pp
Total Population 862,215

Population and Household Demographics

Collin County is a County in Texas with a population of 862,215. There are 305,827 households in the county with an average household size of 2.81 persons. 33.52% of households in Collin County are renters.

Income and Rent Overburden in Collin County

The median gross income for households in Collin County is $84,735 a year, or $7,061 a month. The median rent for the county is $1,119 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Collin County, a household making less than $3,730 a month would be considered overburdened when renting an apartment at or above the median rent. 40.29% of households who rent are overburdened in Collin County.1

Area Median Income In Collin 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 Collin County, HUD calculates the Area Median Income for a family of four as $83,100

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 Collin 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 Collin County HUD Rental Assistance in Collin County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,500 $20,000 $22,500 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $29,100 $33,250 $37,400 $41,550 $44,900 $48,200 $51,550 $54,850
80% of Median $46,550 $53,200 $59,850 $66,500 $71,850 $77,150 $82,500 $87,800
Low Income Housing Tax Credits in Collin County

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

From 1987 to 2006, 35 low income apartment communities containing 5,704 rental apartments have been constructed and made affordable to low income persons in Collin 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 Collin County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $29,100 $33,250 $37,400 $41,550 $44,900 $48,200 $51,550 $54,850
60% of Median $34,920 $39,900 $44,880 $49,860 $53,880 $57,840 $61,860 $65,820

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 Collin County is $44,880 a year, or $3,740 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,740 by 30% to get a maximum rent of $1,122 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% $728 $779 $935 $1,081 $1,205 $1,330
60% $873 $935 $1,122 $1,297 $1,446 $1,596
Fair Market Rents in Collin 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$957 $1,093 $1,314 $1,727 $2,262

Cities In Collin County

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

City Listings Served By
Garland 16 The HUD funded Public Housing Agency that serves Garland is the Garland Housing Authority.
Plano 13 The HUD funded Public Housing Agency that serves Plano is the Plano Housing Authority.
Mckinney 13 The HUD funded Public Housing Agency that serves Mckinney is the McKinney Housing Authority - Section 8.
Princeton 4 The HUD funded Public Housing Agency that serves Princeton is the Housing Authority of Princeton.
Carrollton 5
Melissa 2
Allen 1
Farmersville 4 The HUD funded Public Housing Agency that serves Farmersville is the Housing Authority of Farmersville.
Frisco 2 The HUD funded Public Housing Agency that serves Frisco is the Housing Authority of the City of Frisco.
Richardson 4
Wylie 2
Van Alstyne 3
Royse City 3 The HUD funded Public Housing Agency that serves Royse City is the Housing Authority of Royse City.
Murphy 0
Anna 1
Blue Ridge 0
Celina 1
Dallas 191
Fairview 0
Hebron 0
Josephine 0
Lavon 0
Lowry Crossing 0
Lucas 0
Nevada 0
New Hope 0
Parker 0
Prosper 0
Sachse 0
St. Paul 0
Westminster 0
Weston 0