Affordable Housing In Hillsboro
9 Low Income Apartment Communities In Hillsboro
Housing Authorities that serve Hillsboro
|Hill County Housing Authority||Section 8 Housing Choice Voucher (HCV)|
Other Housing Authorities located in Hillsboro
|Somervell County Housing Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Hillsboro, Texas
There are 9 low income housing apartment communities offering 498 affordable apartments for rent in Hillsboro, Texas. Hillsboro features 88 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 394 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Hillsboro.
Sourced from federal housing data and AffordableHousingOnline.com research.
Hillsboro, TX Affordable Housing Snapshot
|Total Affordable Apartment Properties||9|
|Total Low Income Apartments||498|
|Total Housing Units with Rental Assistance||88|
|Percentage of Housing Units Occupied By Renters||51.39%|
|Average Renter Household Size||2.40|
|Average Household Size||2.71|
|Median Household Income||$28,422 ±$4,486|
|Median Rent||$646 ±$42|
|Percentage Of Renters Overburdened||49.62% ± 9.48pp|
Population and Household Demographics
Hillsboro is a City in Hill County, Texas with a population of 8,360. There are 2,847 households in the city with an average household size of 2.71 persons. 51.39% of households in Hillsboro are renters.
Income and Rent Overburden in Hillsboro
The median gross income for households in Hillsboro is $28,422 a year, or $2,369 a month. The median rent for the city is $646 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hillsboro, a household making less than $2,153 a month would be considered overburdened when renting an apartment at or above the median rent. 49.62% of households who rent are overburdened in Hillsboro.1
Area Median Income In Hillsboro
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 Hillsboro, the AMI is calculated from all households within Hill County.
In Hillsboro, HUD calculates the Area Median Income for a family of four as $56,400
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 Hillsboro
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 Hillsboro HUD Rental Assistance in Hillsboro
|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|
Fair Market Rents in Hillsboro
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.
2020 Fair Market Rents
|Studio||One BR||Two BR||Three BR||Four BR|