Affordable Housing In Fannin County
15 Low Income Apartment Communities In Fannin County
Housing Authorities that serve Fannin County
|Texoma Council of Governments||Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency|
Guide To Affordable Housing in Fannin County, Texas
There are 15 low income housing apartment communities offering 577 affordable apartments for rent in Fannin County, Texas.
Income Based Apartments in Fannin County, Texas
Fannin County features 408 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Fannin County, Texas
There are 169 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fannin County.
Housing Choice Vouchers in Fannin County, Texas
On average, Section 8 Housing Choice vouchers pay Fannin County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Fannin County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fannin County, Texas for a two-bedroom apartment is between $668 and $816.
2020 Fannin County, Texas Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Fair Market Rent||$550||$563||$742||$1,039||$1,133|
|Payment Standard Range||$495 to $605||$507 to $619||$668 to $816||$935 to $1,143||$1,020 to $1,246|
Sourced from federal housing data and AffordableHousingOnline.com research.
Fannin County, TX Affordable Housing Snapshot
|Total Affordable Apartment Properties||15|
|Total Low Income Apartments||577|
|Total Housing Units with Rental Assistance||408|
|Percentage of Housing Units Occupied By Renters||25.54%|
|Average Renter Household Size||2.68|
|Average Household Size||2.56|
|Median Household Income||$44,071 ±$2,934|
|Median Rent||$688 ±$35|
|Percentage Of Renters Overburdened||42.38% ± 6.17pp|
Population and Household Demographics
Fannin County is a county in Texas with a population of 33,748. There are 11,974 households in the county with an average household size of 2.56 persons. 25.54% of households in Fannin County are renters.
Income and Rent Overburden in Fannin County
The median gross income for households in Fannin County is $44,071 a year, or $3,673 a month. The median rent for the county is $688 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fannin County, a household making less than $2,293 a month would be considered overburdened when renting an apartment at or above the median rent. 42.38% of households who rent are overburdened in Fannin County.
Area Median Income In Fannin 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 Fannin County, HUD calculates the Area Median Income for a family of four as $63,200
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 Fannin 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 HUD Rental Assistance in Fannin County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$13,300||$17,240||$21,720||$26,200||$30,680||$35,160||$39,200||$41,750|
|50% of Median||$22,150||$25,300||$28,450||$31,600||$34,150||$36,700||$39,200||$41,750|
|80% of Median||$35,400||$40,450||$45,500||$50,550||$54,600||$58,650||$62,700||$66,750|
Cities In Fannin County
Select A City to View its Apartment Communities and Waiting Lists.
|Bailey||The HUD funded Public Housing Agency that serves Bailey is the Texoma Council of Governments.|
|Bonham||The HUD funded Public Housing Agencies that serve Bonham are the Housing Authority of Bonham and Texoma Council of Governments.|
|Dodd City||The HUD funded Public Housing Agency that serves Dodd City is the Texoma Council of Governments.|
|Ector||The HUD funded Public Housing Agency that serves Ector is the Texoma Council of Governments.|
|Honey Grove||The HUD funded Public Housing Agency that serves Honey Grove is the Texoma Council of Governments.|
|Ladonia||The HUD funded Public Housing Agency that serves Ladonia is the Texoma Council of Governments.|
|Leonard||The HUD funded Public Housing Agencies that serve Leonard are the Housing Authority of City of Leonard and Texoma Council of Governments.|
|Ravenna||The HUD funded Public Housing Agency that serves Ravenna is the Texoma Council of Governments.|
|Savoy||The HUD funded Public Housing Agency that serves Savoy is the Texoma Council of Governments.|
|Trenton||The HUD funded Public Housing Agency that serves Trenton is the Texoma Council of Governments.|
|Whitewright||The HUD funded Public Housing Agency that serves Whitewright is the Texoma Council of Governments.|
|Windom||The HUD funded Public Housing Agency that serves Windom is the Texoma Council of Governments.|