Affordable Housing In Mercedes
Hidalgo County, Texas

7 Low Income Apartment Communities In Mercedes

Queens Village

108 E 8th St
Mercedes, TX
Subsidized

Armory Housing Project

101 Armory Rd
Mercedes, TX
Subsidized

La Merced Homes

4135 S Virginia Ave
Mercedes, TX
Subsidized

La Herencia Apartments, Lp

100 LA Herencia
Mercedes, TX
HCV Welcome

Bluebonnet Linda Vista Sj Taylor

1 Retama Dr
Mercedes, TX

Casa Saldana ( Casa Korima ) Apartments

1225 N FM 491
Mercedes, TX
HCV Welcome

Anacuitas Manor Apartments

1100 Anaquitas St
Mercedes, TX
HCV Welcome
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Housing Authorities that serve Mercedes

Housing Authority Programs
Mercedes Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Housing Authority of the County of Hidalgo Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Mercedes, Texas

According to federal housing data and AffordableHousingOnline.com research, there are 7 low income housing apartment communities offering 763 affordable apartments for rent in Mercedes, Texas. Mercedes features 335 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 428 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Mercedes.

Mercedes, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 763
Total Housing Units with Rental Assistance 335
Percentage of Housing Units Occupied By Renters 37.52%
Average Renter Household Size 3.41
Average Household Size 3.51
Median Household Income $29,945 ±$3,717
Median Rent $516 ±$57
Percentage Of Renters Overburdened 48.06% ± 8.91pp
Total Population 16,425

Population and Household Demographics

Mercedes is a City in Hidalgo County, Texas with a population of 16,425. There are 4,680 households in the city with an average household size of 3.51 persons. 37.52% of households in Mercedes are renters.

Income and Rent Overburden in Mercedes

The median gross income for households in Mercedes is $29,945 a year, or $2,495 a month. The median rent for the city is $516 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mercedes, a household making less than $1,720 a month would be considered overburdened when renting an apartment at or above the median rent. 48.06% of households who rent are overburdened in Mercedes.1

Area Median Income In Mercedes

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 Mercedes, the AMI is calculated from all households within Hidalgo County.

In Mercedes, HUD calculates the Area Median Income for a family of four as $41,900

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 Mercedes

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 Mercedes HUD Rental Assistance in Mercedes

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
Low Income Housing Tax Credits in Mercedes

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

From 1998 to 2006, 3 low income apartment communities containing 388 rental apartments have been constructed and made affordable to low income persons in Mercedes 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 Mercedes

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,550 $23,500 $26,450 $29,350 $31,700 $34,050 $36,400 $38,750
60% of Median $24,660 $28,200 $31,740 $35,220 $38,040 $40,860 $43,680 $46,500

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 Mercedes is $31,740 a year, or $2,645 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,645 by 30% to get a maximum rent of $794 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% $514 $551 $661 $763 $851 $939
60% $617 $661 $794 $916 $1,022 $1,127
Fair Market Rents in Mercedes

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
$573 $577 $743 $955 $1,068