Affordable Housing In Corsicana
Navarro County, Texas

6 Low Income Apartment Communities In Corsicana

Friendship Towers ( Corsicana )

2512 W 7th Ave
Corsicana, TX
62+
Accessible
Elderly Supportive Housing
Subsidized

Eastside and Northwest Apartments

901 W 13th Ave and 1360 N 13th St
Corsicana, TX

Lago De Plata

1600 E 13th Ave
Corsicana, TX
Subsidized

Windvale Park

621 S 44th St
Corsicana, TX
HCV Welcome

1348 North 45th

1348 N 45th St
Corsicana, TX
HCV Welcome

Cambridge Crossing

1900 Cambridge St
Corsicana, TX
HCV Welcome
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There are 6 low income housing apartment complexes which contain 403 affordable apartments for rent in Corsicana. Many of these rental apartments are income based housing with 251 apartments that set rent based on your income. In Corsicana, HUD housing programs support 150 rental assistance apartments through programs like Project-based Section 8. There are 152 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Corsicana

Housing Authority Programs
Corsicana Housing Authority Public Housing

Guide To Affordable Housing in Corsicana, Texas

Corsicana, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 403
Total Rent Assisted Apartments 251
Percentage of Housing Units Occupied By Renters 46.06%
Average Renter Household Size 2.67
Total Population 23,945
Housing Units 8,424
Average Household Size 2.75
Median Household Income $38,734 ±$2,808
Median Rent $698 ±$37
Percentage Of Renters Overburdened 42.42% ± 6.84pp

Population and Household Demographics

Corsicana is a City in Navarro County, Texas with a population of 23,945. There are 8,424 households in the city with an average household size of 2.75 persons. 46.06% of households in Corsicana are renters.

Income and Rent Overburden in Corsicana

The median gross income for households in Corsicana is $38,734 a year, or $3,228 a month. The median rent for the city is $698 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Corsicana, a household making less than $2,327 a month would be considered overburdened when renting an apartment at or above the median rent. 42.42% of households who rent are overburdened in Corsicana.1

Area Median Income In Corsicana

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 Corsicana, the AMI is calculated from all households within Navarro County.

In Corsicana, HUD calculates the Area Median Income for a family of four as $53,500

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 Corsicana

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 Corsicana HUD Rental Assistance in Corsicana

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $34,050 $36,400 $38,750
50% of Median $20,550 $23,500 $26,450 $29,350 $31,700 $34,050 $36,400 $38,750
80% of Median $32,900 $37,600 $42,300 $46,950 $50,750 $54,500 $58,250 $62,000
Low Income Housing Tax Credits in Corsicana

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

From 1990 to 2010, 3 low income apartment communities containing 150 rental apartments have been constructed and made affordable to low income persons in Corsicana 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 Corsicana

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,550 $23,500 $26,450 $29,350 $31,700 $34,050 $36,400 $38,750
60% of Median $24,660 $28,200 $31,740 $35,220 $38,040 $40,860 $43,680 $46,500

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 Corsicana is $31,740 a year, or $2,645 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,645 by 30% to get a maximum rent of $794 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% $514 $551 $661 $763 $851 $939
60% $617 $661 $794 $916 $1,022 $1,127
Fair Market Rents in Corsicana

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
$625 $629 $779 $1,057 $1,254