Low Income Apartments In Commerce
Hunt County, Texas


Waiting List Openings In Commerce

Waiting ListStatus
Housing Authority of Commerce Public Housing Open Now

Low Income Apartments In Commerce

Oak Meadows Townhomes

200 Maple St
Commerce, TX
$659-860
1-3 BR
Accessible
HCV Welcome

Crosswinds Apartments

200 Methodist Dr
Commerce, TX
Subsidized

Churchill at Commerce

731 Culver St
Commerce, TX
HCV Welcome
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There are 3 low income housing apartment complexes which contain 212 affordable apartments for rent in Commerce, Texas. Many of these rental apartments are income based housing with about 40 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 0 Project-Based Section 8 subsidized apartments in Commerce. There are 172 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 Commerce

Housing Authority Programs
Housing Authority of Commerce Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Commerce, Texas

Commerce, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 212
Total Rent Assisted Apartments 40
Percentage of Housing Units Occupied By Renters 58.52%
Average Renter Household Size 2.53
Total Population 8,558
Housing Units 2,712
Average Household Size 2.53
Median Household Income $21,836 ±$4,863
Median Rent $760 ±$76
Percentage Of Renters Overburdened 60.3% ± 10.01pp

Population and Household Demographics

Commerce is a City in Hunt County, Texas with a population of 8,558. There are 2,712 households in the city with an average household size of 2.53 persons. 58.52% of households in Commerce are renters.

Income and Rent Overburden in Commerce

The median gross income for households in Commerce is $21,836 a year, or $1,820 a month. The median rent for the city is $760 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Commerce, a household making less than $2,533 a month would be considered overburdened when renting an apartment at or above the median rent. 60.3% of households who rent are overburdened in Commerce.1

Area Median Income In Commerce

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 Commerce, the AMI is calculated from all households within Hunt County.

In Commerce, 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 Commerce

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 Commerce HUD Rental Assistance in Commerce

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 Commerce

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, 3 low income apartment communities containing 201 rental apartments have been constructed and made affordable to low income persons in Commerce 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 Commerce

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
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 Commerce 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 Commerce

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
$836 $989 $1,201 $1,600 $2,080