Low Income Apartments In New Braunfels
Comal County, Texas

Low Income Apartments In New Braunfels

Bavarian Manor Apts.

614 Bavarian Dr.
New Braunfels, TX
$710-959
1-3 BR
Subsidized

Reserve at Engel Road

135 Engel Road
New Braunfels, TX
$473-805
1-3 BR

The Residences of Solms Village

2265 Goodwin Ln
New Braunfels, TX
1-3 BR
HCV Welcome

Mission Hill Apartment Homes

2745 Westpointe Dr.
New Braunfels, TX
1-3 BR

Balcones Haus

246 Loma Vista St
New Braunfels, TX
Studio-1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Village Circle

101 Glenbrook Drive E.
New Braunfels, TX
Subsidized

Eden Heights, Inc

627 Lakeview Blvd
New Braunfels, TX
62+
Accessible
Elderly Supportive Housing
Subsidized

Landa Place

860 Landa St
New Braunfels, TX
HCV Welcome

Laurel Plaza

300 Laurel Ln
New Braunfels, TX
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There are 9 low income housing apartment complexes which contain 764 affordable apartments for rent in New Braunfels, Texas. Many of these rental apartments are income based housing with about 406 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 103 Project-Based Section 8 subsidized apartments in New Braunfels. There are 180 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve New Braunfels

Housing Authority Programs
New Braunfels Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in New Braunfels, Texas

New Braunfels, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 764
Total Rent Assisted Apartments 406
Percentage of Housing Units Occupied By Renters 33.61%
Average Renter Household Size 2.71
Total Population 64,076
Housing Units 22,361
Average Household Size 2.82
Median Household Income $59,721 ±$3,051
Median Rent $983 ±$34
Percentage Of Renters Overburdened 43.97% ± 4.77pp

Population and Household Demographics

New Braunfels is a City in Comal County, Texas with a population of 64,076. There are 22,361 households in the city with an average household size of 2.82 persons. 33.61% of households in New Braunfels are renters.

Income and Rent Overburden in New Braunfels

The median gross income for households in New Braunfels is $59,721 a year, or $4,977 a month. The median rent for the city is $983 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New Braunfels, a household making less than $3,277 a month would be considered overburdened when renting an apartment at or above the median rent. 43.97% of households who rent are overburdened in New Braunfels.1

Area Median Income In New Braunfels

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 New Braunfels, the AMI is calculated from all households within Comal County.

In New Braunfels, HUD calculates the Area Median Income for a family of four as $71,000

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 New Braunfels

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 New Braunfels HUD Rental Assistance in New Braunfels

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,950 $17,050 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,850 $28,400 $31,950 $35,500 $38,350 $41,200 $44,050 $46,900
80% of Median $39,800 $45,450 $51,150 $56,800 $61,350 $65,900 $70,450 $75,000
Low Income Housing Tax Credits in New Braunfels

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

From 1989 to 2007, 4 low income apartment communities containing 103 rental apartments have been constructed and made affordable to low income persons in New Braunfels 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 New Braunfels

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $29,820 $34,080 $38,340 $42,600 $46,020 $49,440 $52,860 $56,280

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 New Braunfels is $38,340 a year, or $3,195 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,195 by 30% to get a maximum rent of $959 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% $621 $666 $799 $923 $1,030 $1,137
60% $746 $799 $959 $1,108 $1,236 $1,364
Fair Market Rents in New Braunfels

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
$688 $844 $1,050 $1,379 $1,689