Affordable Housing In Loraine
Mitchell County, Texas

1 Low Income Apartment Communities In Loraine

Taylor - Witta Senior Complex.

125 S Main St
Loraine, TX
Subsidized
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There are 1 low income housing apartment complexes which contain 16 affordable apartments for rent in Loraine. Many of these rental apartments are income based housing with 16 apartments that set rent based on your income. In Loraine, HUD housing programs support 16 rental assistance apartments through programs like Project-based Section 8. There are 0 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Loraine

Housing Authority Programs
Housing Authority of Loraine Public Housing
Abilene Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV); Mainstream Voucher; Section 8 HCV Money Follows the Person (MFP); Public Housing Money Follows the Person (MFP)

Guide To Affordable Housing in Loraine, Texas

Loraine, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 16
Total Rent Assisted Apartments 16
Percentage of Housing Units Occupied By Renters 22.63%
Average Renter Household Size 2.31
Total Population 561
Housing Units 243
Average Household Size 2.31
Median Household Income $26,875 ±$9,425
Median Rent $456 ±$174
Percentage Of Renters Overburdened 45.45% ± 35.07pp

Population and Household Demographics

Loraine is a City in Mitchell County, Texas with a population of 561. There are 243 households in the city with an average household size of 2.31 persons. 22.63% of households in Loraine are renters.

Income and Rent Overburden in Loraine

The median gross income for households in Loraine is $26,875 a year, or $2,240 a month. The median rent for the city is $456 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Loraine, a household making less than $1,520 a month would be considered overburdened when renting an apartment at or above the median rent. 45.45% of households who rent are overburdened in Loraine.1

Area Median Income In Loraine

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 Loraine, the AMI is calculated from all households within Mitchell County.

In Loraine, HUD calculates the Area Median Income for a family of four as $66,400

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 Loraine

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 Loraine HUD Rental Assistance in Loraine

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,950 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,250 $26,600 $29,900 $33,200 $35,900 $38,550 $41,200 $43,850
80% of Median $37,200 $42,500 $47,800 $53,100 $57,350 $61,600 $65,850 $70,100

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 Loraine

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,250 $26,600 $29,900 $33,200 $35,900 $38,550 $41,200 $43,850
60% of Median $27,900 $31,920 $35,880 $39,840 $43,080 $46,260 $49,440 $52,620

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 Loraine is $35,880 a year, or $2,990 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,990 by 30% to get a maximum rent of $897 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% $581 $623 $748 $864 $964 $1,063
60% $698 $748 $897 $1,037 $1,157 $1,276
Fair Market Rents in Loraine

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
$526 $529 $700 $877 $1,079