Affordable Housing In George West
Live Oak County Texas

1 Low Income Apartment Communities In George West

Live Oak Villas

1349 Nueces
George West, TX
$269-1,150
1-3 BR
HCV Welcome
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There are 1 low income housing apartment complexes which contain 48 affordable apartments for rent in George West. Many of these rental apartments are income based housing with 0 apartments that set rent based on your income. In George West, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 48 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Guide To Affordable Housing in George West, Texas

George West, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 48
Total Rent Assisted Apartments 0
Percentage of Housing Units Occupied By Renters 26.49%
Average Renter Household Size 3.75
Total Population 2,538
Housing Units 604
Average Household Size 3.85
Median Household Income $49,432 ±$7,507
Median Rent $771 ±$309
Percentage Of Renters Overburdened 32.5% ± 18.86pp

Population and Household Demographics

George West is a City in Live Oak County, Texas with a population of 2,538. There are 604 households in the city with an average household size of 3.85 persons. 26.49% of households in George West are renters.

Income and Rent Overburden in George West

The median gross income for households in George West is $49,432 a year, or $4,119 a month. The median rent for the city is $771 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In George West, a household making less than $2,570 a month would be considered overburdened when renting an apartment at or above the median rent. 32.5% of households who rent are overburdened in George West.1

Area Median Income In George West

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 George West, the AMI is calculated from all households within Live Oak County.

In George West, HUD calculates the Area Median Income for a family of four as $59,100

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 George West

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 George West HUD Rental Assistance in George West

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 $34,300 $36,650 $39,050
50% of Median $20,700 $23,650 $26,600 $29,550 $31,950 $34,300 $36,650 $39,050
80% of Median $33,150 $37,850 $42,600 $47,300 $51,100 $54,900 $58,700 $62,450

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 George West

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $24,840 $28,380 $31,920 $35,460 $38,340 $41,160 $43,980 $46,860

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 George West is $31,920 a year, or $2,660 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,660 by 30% to get a maximum rent of $798 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% $518 $554 $665 $769 $858 $946
60% $621 $665 $798 $923 $1,029 $1,136
Fair Market Rents in George West

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
$532 $535 $700 $1,012 $1,230