Low Income Apartments In Fannin County
Texas

Low Income Apartments In Fannin County

Pine Run Apartments

700 Piner St
Honey Grove, TX
1-2 BR
HCV Welcome

Bonham Apartments

1100 East 6th Street
Bonham, TX
1-2 BR
HCV Welcome

Bonham Village

1201 W 10th
Bonham, TX
2-3 BR
HCV Welcome

Katy Creek Retirement Village

401 Bicentennial
Bonham, TX
1-2 BR
HCV Welcome

Pecan Place Apartments

1600 Pecan St
Bonham, TX
62+
Accessible
Elderly Supportive Housing
Subsidized

Katy Creek Retirement Village

401 Bicentennial St
Bonham, TX
Subsidized

Lancet Court Apartments

Hwy 69 W
Leonard, TX
HCV Welcome

Waterford Apartments

1001 State Highway 160
Whitewright, TX
HCV Welcome

Pierson Place

106 S Red Bud St
Ector, TX

504 W Grand St

504 W Grand St
Whitewright, TX

There are 16 low income housing apartment complexes which contain 617 affordable apartments for rent in Fannin County, Texas. Many of these rental apartments are income based housing with about 408 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 0 Project-Based Section 8 subsidized apartments in Fannin County. There are 209 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 Fannin County

Housing Authority Programs
Texoma Council of Governments Section 8 Housing Choice Voucher

Other Housing Authorities located in Fannin County

Housing Authority Programs
Housing Authority of Bonham Public Housing
Housing Authority of Ector Public Housing
Housing Authority of Bells Public Housing
Housing Authority of Pottsboro Public Housing
Housing Authority of Ladonia Public Housing
Housing Authority of Honey Grove Public Housing
Housing Authority of Savoy Public Housing
Housing Authority of City of Leonard Public Housing
Housing Authority of Whitewright Public Housing
Housing Authority of Howe Public Housing
Housing Authority of Tom Bean Public Housing
Housing Authority of Trenton Public Housing
Housing Authority of Van Alstyne Public Housing
Housing Authority of Gunter Public Housing
Housing Authority of Windom Public Housing

Guide To Affordable Housing in Fannin County, Texas

Fannin County, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 16
Total Low Income Apartments 617
Total Rent Assisted Apartments 408
Percentage of Housing Units Occupied By Renters 25.54%
Average Renter Household Size 2.68
Total Population 33,748
Housing Units 11,974
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.1

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 $57,500

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 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 Fannin County 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 $12,140 $16,460 $20,780 $25,100 $29,420 $33,350 $35,650 $37,950
50% of Median $20,150 $23,000 $25,900 $28,750 $31,050 $33,350 $35,650 $37,950
80% of Median $32,200 $36,800 $41,400 $46,000 $49,700 $53,400 $57,050 $60,750
Low Income Housing Tax Credits in Fannin 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 2005, 5 low income apartment communities containing 169 rental apartments have been constructed and made affordable to low income persons in Fannin 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 Fannin County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $24,180 $27,600 $31,080 $34,500 $37,260 $40,020 $42,780 $45,540

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 Fannin County is $31,080 a year, or $2,590 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,590 by 30% to get a maximum rent of $777 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% $504 $539 $648 $748 $834 $920
60% $605 $647 $777 $897 $1,001 $1,104
Fair Market Rents in Fannin 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
$477 $561 $742 $1,052 $1,199

Cities In Fannin County

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

City Listings Served By
Bonham 6 The HUD funded Public Housing Agencies that serve Bonham are the Housing Authority of Bonham and Texoma Council of Governments.
Honey Grove 2 The HUD funded Public Housing Agency that serves Honey Grove is the Texoma Council of Governments.
Leonard 2 The HUD funded Public Housing Agencies that serve Leonard are the Housing Authority of City of Leonard and Texoma Council of Governments.
Whitewright 2 The HUD funded Public Housing Agency that serves Whitewright is the Texoma Council of Governments.
Ladonia 1 The HUD funded Public Housing Agency that serves Ladonia is the Texoma Council of Governments.
Bailey 0 The HUD funded Public Housing Agency that serves Bailey is the Texoma Council of Governments.
Dodd City 0 The HUD funded Public Housing Agency that serves Dodd City is the Texoma Council of Governments.
Ector 1 The HUD funded Public Housing Agency that serves Ector is the Texoma Council of Governments.
Ravenna 0 The HUD funded Public Housing Agency that serves Ravenna is the Texoma Council of Governments.
Savoy 1 The HUD funded Public Housing Agency that serves Savoy is the Texoma Council of Governments.
Trenton 1 The HUD funded Public Housing Agency that serves Trenton is the Texoma Council of Governments.
Windom 0 The HUD funded Public Housing Agency that serves Windom is the Texoma Council of Governments.