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Affordable Housing In Holland
Bell County, Texas

1 Low Income Apartment Communities In Holland

Holland House Apartments

616 Josephine St
Holland, Texas
Subsidized
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Housing Authorities that serve Holland

Housing Authority Programs
Central Texas Council of Governments Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Holland, Texas

There are 1 low income housing apartment communities offering 68 affordable apartments for rent in Holland, Texas.

Income Based Apartments in Holland, Texas

Holland features 68 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 Holland, Texas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Holland.

Housing Choice Vouchers in Holland, Texas

On average, Section 8 Housing Choice vouchers pay Holland landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Holland.

The maximum amount a voucher would pay on behalf of a low-income tenant in Holland, Texas for a two-bedroom apartment is between $734 and $897.

2021 Holland, 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 $635 $639 $815 $1,166 $1,411
Payment Standard Range $572 to $699 $575 to $703 $734 to $897 $1,049 to $1,283 $1,270 to $1,552

Sourced from federal housing data and AffordableHousingOnline.com research.

Holland, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 68
Total Housing Units with Rental Assistance 68
Percentage of Housing Units Occupied By Renters 28.16%
Average Renter Household Size 3.31
Average Household Size 3.28
Median Household Income $33,214 ±$12,420
Median Rent $529 ±$107
Percentage Of Renters Overburdened 41.57% ± 32.34pp
Total Population 1,038

Population and Household Demographics

Holland is a city in Bell County, Texas with a population of 1,038. There are 316 households in the city with an average household size of 3.28 persons. 28.16% of households in Holland are renters.

Income and Rent Overburden in Holland

The median gross income for households in Holland is $33,214 a year, or $2,768 a month. The median rent for the city is $529 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Holland, a household making less than $1,763 a month would be considered overburdened when renting an apartment at or above the median rent. 41.57% of households who rent are overburdened in Holland.

Area Median Income In Holland

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 Holland, the AMI is calculated from all households within Bell County.

In Holland, HUD calculates the Area Median Income for a family of four as $63,900

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 Holland

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 Holland

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,450 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $42,200
50% of Median $22,400 $25,600 $28,800 $31,950 $34,550 $37,100 $39,650 $42,200
80% of Median $35,800 $40,900 $46,000 $51,100 $55,200 $59,300 $63,400 $67,500