Affordable Housing In Copperas Cove
Bell County, Texas

5 Low Income Apartment Communities In Copperas Cove

Exchange Sunshine Home

1103 Leonhard St
Copperas Cove, TX
62+
Accessible
Elderly Supportive Housing
Subsidized

Cove Village Apartments

1102 Golf Course Rd
Copperas Cove, TX
Subsidized

Constitution Court

Constitution Dr Off Us Hwy 190
Copperas Cove, TX
HCV Welcome

Phil Ave Complex

1214 Phil Ave
Copperas Cove, TX

Dewald Properties

1600 N Main St
Copperas Cove, TX
HCV Welcome
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There are 5 low income housing apartment complexes which contain 340 affordable apartments for rent in Copperas Cove. Many of these rental apartments are income based housing with 200 apartments that set rent based on your income. In Copperas Cove, HUD housing programs support 50 rental assistance apartments through programs like Project-based Section 8. There are 140 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Copperas Cove

Housing Authority Programs
Housing Authority of Copperas Cove Public Housing
Central Texas Council of Governments Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Copperas Cove, Texas

Copperas Cove, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 340
Total Rent Assisted Apartments 200
Percentage of Housing Units Occupied By Renters 43.11%
Average Renter Household Size 2.78
Total Population 33,005
Housing Units 11,829
Average Household Size 2.77
Median Household Income $51,972 ±$2,700
Median Rent $853 ±$41
Percentage Of Renters Overburdened 36.55% ± 5.01pp

Population and Household Demographics

Copperas Cove is a City in Bell County, Texas with a population of 33,005. There are 11,829 households in the city with an average household size of 2.77 persons. 43.11% of households in Copperas Cove are renters.

Income and Rent Overburden in Copperas Cove

The median gross income for households in Copperas Cove is $51,972 a year, or $4,331 a month. The median rent for the city is $853 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Copperas Cove, a household making less than $2,843 a month would be considered overburdened when renting an apartment at or above the median rent. 36.55% of households who rent are overburdened in Copperas Cove.1

Area Median Income In Copperas Cove

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 Copperas Cove, the AMI is calculated from all households within Bell County.

In Copperas Cove, HUD calculates the Area Median Income for a family of four as $63,900

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 Copperas Cove

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 Copperas Cove HUD Rental Assistance in Copperas Cove

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,450 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,200
50% of Median $22,400 $25,600 $28,800 $31,950 $34,550 $37,100 $39,650 $42,200
80% of Median $35,800 $40,900 $46,000 $51,100 $55,200 $59,300 $63,400 $67,500

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 Copperas Cove

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,400 $25,600 $28,800 $31,950 $34,550 $37,100 $39,650 $42,200
60% of Median $26,880 $30,720 $34,560 $38,340 $41,460 $44,520 $47,580 $50,640

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 Copperas Cove is $34,560 a year, or $2,880 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,880 by 30% to get a maximum rent of $864 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% $560 $600 $720 $831 $928 $1,023
60% $672 $720 $864 $998 $1,113 $1,228
Fair Market Rents in Copperas Cove

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
$589 $593 $780 $1,124 $1,370