Affordable Housing In Live Oak County

4 Low Income Apartment Communities In Live Oak County

Live Oak Villas

1349 Nueces
George West, TX
1-3 BR
HCV Welcome

Live Oak Manor Apartments

1400 King David Dr
Three Rivers, TX
HCV Welcome

101 E Alexander

101 E Alexander
Three Rivers, TX

Lone Oak Manor Apartments

9000 Highway 72
Three Rivers, TX
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Other Housing Authorities located in Live Oak County

Housing Authority Programs
Three Rivers Housing Authority Public Housing

Guide To Affordable Housing in Live Oak County, Texas

According to federal housing data and research, there are 4 low income housing apartment communities offering 147 affordable apartments for rent in Live Oak County, Texas. Live Oak County features 63 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 84 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Live Oak County.

Live Oak County, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 147
Total Housing Units with Rental Assistance 63
Percentage of Housing Units Occupied By Renters 19.09%
Average Renter Household Size 2.99
Average Household Size 2.78
Median Household Income $50,400 ±$5,652
Median Rent $699 ±$94
Percentage Of Renters Overburdened 25.92% ± 7.76pp
Total Population 11,873

Population and Household Demographics

Live Oak County is a County in Texas with a population of 11,873. There are 3,699 households in the county with an average household size of 2.78 persons. 19.09% of households in Live Oak County are renters.

Income and Rent Overburden in Live Oak County

The median gross income for households in Live Oak County is $50,400 a year, or $4,200 a month. The median rent for the county is $699 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Live Oak County, a household making less than $2,330 a month would be considered overburdened when renting an apartment at or above the median rent. 25.92% of households who rent are overburdened in Live Oak County.1

Area Median Income In Live Oak 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 Live Oak County, 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 Live Oak 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 Live Oak County HUD Rental Assistance in Live Oak County

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
Low Income Housing Tax Credits in Live Oak County

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

From 1991 to 1997, 2 low income apartment communities containing 60 rental apartments have been constructed and made affordable to low income persons in Live Oak 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 Live Oak County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,700 $23,650 $26,600 $29,550 $31,950 $34,300 $36,650 $39,050
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 Live Oak County 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 Live Oak 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$539 $542 $714 $1,030 $1,254

Cities In Live Oak County

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

City Listings Served By
Three Rivers 3 The HUD funded Public Housing Agency that serves Three Rivers is the Three Rivers Housing Authority.
George West 1