Low Income Apartments In Cooke County
Texas

Low Income Apartments In Cooke County

Lexington Square Apartments

2008 N Interstate 35
Gainesville, TX
1-3 BR
Subsidized

Washington Court Walnut Lane

715 E California St
Gainesville, TX
2-3 BR
HCV Welcome
Subsidized

Pecan Creek Village

1100 Lawrence St
Gainesville, TX
Subsidized

Bella Vista Apartments

1000 Bella Vista Dr
Gainesville, TX
HCV Welcome

Turner Apartments

501 E California St
Gainesville, TX
Subsidized

Gainesville Garden Apartments

2300 Alabama Dr
Gainesville, TX
Subsidized

Valley View Apartments

505 N Pecan Creek Trl
Valley View, TX
Subsidized

Willowwick Apartments

1501 Newland Dr
Gainesville, TX
Subsidized
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There are 8 low income housing apartment complexes which contain 648 affordable apartments for rent in Cooke County, Texas. Many of these rental apartments are income based housing with about 504 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 296 Project-Based Section 8 subsidized apartments in Cooke County. There are 144 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 Cooke County

Housing Authority Programs
Gainesville Housing Authority Section 8 Housing Choice Voucher

Guide To Affordable Housing in Cooke County, Texas

Cooke County, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 648
Total Rent Assisted Apartments 504
Percentage of Housing Units Occupied By Renters 30.46%
Average Renter Household Size 2.60
Total Population 38,761
Housing Units 14,598
Average Household Size 2.61
Median Household Income $52,406 ±$3,128
Median Rent $707 ±$34
Percentage Of Renters Overburdened 40.95% ± 5.23pp

Population and Household Demographics

Cooke County is a County in Texas with a population of 38,761. There are 14,598 households in the county with an average household size of 2.61 persons. 30.46% of households in Cooke County are renters.

Income and Rent Overburden in Cooke County

The median gross income for households in Cooke County is $52,406 a year, or $4,367 a month. The median rent for the county is $707 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cooke County, a household making less than $2,357 a month would be considered overburdened when renting an apartment at or above the median rent. 40.95% of households who rent are overburdened in Cooke County.1

Area Median Income In Cooke 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 Cooke County, HUD calculates the Area Median Income for a family of four as $64,900

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 Cooke 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 Cooke County HUD Rental Assistance in Cooke County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,650 $16,460 $20,780 $25,100 $29,420 $33,740 $38,060 $42,380
50% of Median $22,750 $26,000 $29,250 $32,450 $35,050 $37,650 $40,250 $42,850
80% of Median $36,350 $41,550 $46,750 $51,900 $56,100 $60,250 $64,400 $68,550
Low Income Housing Tax Credits in Cooke County

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

From 1989 to 2007, 4 low income apartment communities containing 268 rental apartments have been constructed and made affordable to low income persons in Cooke 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 Cooke County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $27,300 $31,200 $35,100 $38,940 $42,060 $45,180 $48,300 $51,420

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 Cooke County is $35,100 a year, or $2,925 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,925 by 30% to get a maximum rent of $878 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% $569 $609 $731 $844 $941 $1,039
60% $683 $731 $878 $1,013 $1,130 $1,247
Fair Market Rents in Cooke 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
$614 $651 $817 $1,100 $1,104

Cities In Cooke County

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

City Listings Served By
Valley View 1 The HUD funded Public Housing Agency that serves Valley View is the Gainesville Housing Authority.
Gainesville 7 The HUD funded Public Housing Agency that serves Gainesville is the Gainesville Housing Authority.
Callisburg 0 The HUD funded Public Housing Agency that serves Callisburg is the Gainesville Housing Authority.
Lake Kiowa 0 The HUD funded Public Housing Agency that serves Lake Kiowa is the Gainesville Housing Authority.
Lindsay 0 The HUD funded Public Housing Agency that serves Lindsay is the Gainesville Housing Authority.
Muenster 0 The HUD funded Public Housing Agency that serves Muenster is the Gainesville Housing Authority.
Oak Ridge 0 The HUD funded Public Housing Agency that serves Oak Ridge is the Gainesville Housing Authority.