Low Income Apartments In Grayson County
Texas

Low Income Apartments In Grayson County

Villas of Sherman

1212 W Center St
Sherman, TX
1-2 BR
62+
Accessible
HCV Welcome
Market Rate

Abbington Junction of Pottsboro

601 TX-316 Spur
Pottsboro, TX
1-3 BR
HCV Welcome

Westwood Manor Apartments

116 N Western Hills Dr
Howe, TX
Subsidized

Meadows of Wesley Village, The

2800 Loy Lake Rd
Denison, TX
62+
Accessible
Elderly Supportive Housing
Subsidized

406 Grayson St

406 Grayson St
Pottsboro, TX

Glenbrook Apartments CO Texoma Mgmt Co

420 W Young St
Howe, TX
Subsidized

Glenbrook Apartments II

311 N Collins Fwy
Howe, TX

104 S Donation St

104 S Donation St
Tioga, TX

Lakeview Park Apartments

1816 N State Highway 91
Denison, TX
HCV Welcome

Williamsburg Apartments II

115 Williamsburg St
Pottsboro, TX
HCV Welcome

There are 17 low income housing apartment complexes which contain 1,275 affordable apartments for rent in Grayson County, Texas. Many of these rental apartments are income based housing with about 803 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 100 Project-Based Section 8 subsidized apartments in Grayson County. There are 472 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 Grayson County

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

Other Housing Authorities located in Grayson County

Housing Authority Programs
Housing Authority of Denison Public Housing
Sherman Housing Authority Public Housing
Housing Authority of Tioga Public Housing
Housing Authority of Whitesboro Public Housing

Guide To Affordable Housing in Grayson County, Texas

Grayson County, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 1,275
Total Rent Assisted Apartments 803
Percentage of Housing Units Occupied By Renters 33.09%
Average Renter Household Size 2.51
Total Population 122,780
Housing Units 47,215
Average Household Size 2.55
Median Household Income $47,952 ±$1,896
Median Rent $780 ±$16
Percentage Of Renters Overburdened 41.15% ± 3.28pp

Population and Household Demographics

Grayson County is a County in Texas with a population of 122,780. There are 47,215 households in the county with an average household size of 2.55 persons. 33.09% of households in Grayson County are renters.

Income and Rent Overburden in Grayson County

The median gross income for households in Grayson County is $47,952 a year, or $3,996 a month. The median rent for the county is $780 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grayson County, a household making less than $2,600 a month would be considered overburdened when renting an apartment at or above the median rent. 41.15% of households who rent are overburdened in Grayson County.1

Area Median Income In Grayson 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 Grayson County, HUD calculates the Area Median Income for a family of four as $65,200

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 Grayson 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 Grayson County HUD Rental Assistance in Grayson County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,700 $16,460 $20,780 $25,100 $29,420 $33,740 $38,060 $42,380
50% of Median $22,850 $26,100 $29,350 $32,600 $35,250 $37,850 $40,450 $43,050
80% of Median $36,550 $41,750 $46,950 $52,150 $56,350 $60,500 $64,700 $68,850
Low Income Housing Tax Credits in Grayson County

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

From 1987 to 2007, 3 low income apartment communities containing 437 rental apartments have been constructed and made affordable to low income persons in Grayson 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 Grayson County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $27,420 $31,320 $35,220 $39,120 $42,300 $45,420 $48,540 $51,660

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 Grayson County is $35,220 a year, or $2,935 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,935 by 30% to get a maximum rent of $881 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% $571 $612 $734 $848 $946 $1,044
60% $686 $734 $881 $1,018 $1,136 $1,253
Fair Market Rents in Grayson 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
$604 $708 $892 $1,212 $1,354

Cities In Grayson County

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

City Listings Served By
Denison 3 The HUD funded Public Housing Agencies that serve Denison are the Housing Authority of Denison, Housing Authority of Grayson County and Texoma Council of Governments.
Howe 4 The HUD funded Public Housing Agencies that serve Howe are the Housing Authority of Grayson County and Texoma Council of Governments.
Sherman 3 The HUD funded Public Housing Agencies that serve Sherman are the Housing Authority of Grayson County and Texoma Council of Governments.
Whitesboro 1 The HUD funded Public Housing Agencies that serve Whitesboro are the Housing Authority of Whitesboro, Housing Authority of Grayson County and Texoma Council of Governments.
Pottsboro 3 The HUD funded Public Housing Agencies that serve Pottsboro are the Housing Authority of Grayson County and Texoma Council of Governments.
Tom Bean 0 The HUD funded Public Housing Agencies that serve Tom Bean are the Housing Authority of Grayson County and Texoma Council of Governments.
Bells 1 The HUD funded Public Housing Agencies that serve Bells are the Texoma Council of Governments and Housing Authority of Grayson County.
Collinsville 0 The HUD funded Public Housing Agencies that serve Collinsville are the Texoma Council of Governments and Housing Authority of Grayson County.
Dorchester 0 The HUD funded Public Housing Agencies that serve Dorchester are the Texoma Council of Governments and Housing Authority of Grayson County.
Gunter 1 The HUD funded Public Housing Agencies that serve Gunter are the Texoma Council of Governments and Housing Authority of Grayson County.
Knollwood 0 The HUD funded Public Housing Agencies that serve Knollwood are the Texoma Council of Governments and Housing Authority of Grayson County.
Preston 0 The HUD funded Public Housing Agencies that serve Preston are the Texoma Council of Governments and Housing Authority of Grayson County.
Sadler 0 The HUD funded Public Housing Agencies that serve Sadler are the Texoma Council of Governments and Housing Authority of Grayson County.
Sherwood Shores 0 The HUD funded Public Housing Agencies that serve Sherwood Shores are the Texoma Council of Governments and Housing Authority of Grayson County.
Southmayd 0 The HUD funded Public Housing Agencies that serve Southmayd are the Texoma Council of Governments and Housing Authority of Grayson County.
Tioga 1 The HUD funded Public Housing Agencies that serve Tioga are the Texoma Council of Governments and Housing Authority of Grayson County.