Affordable Housing In New Braunfels
8 Low Income Apartment Communities In New Braunfels
Housing Authorities that serve New Braunfels
|New Braunfels Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV)|
|Alamo Area Council of Governments||Section 8 Housing Choice Voucher (HCV)|
|Texas Department of Housing and Community Affairs||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in New Braunfels, Texas
There are 8 low income housing apartment communities offering 682 affordable apartments for rent in New Braunfels, Texas.
Income Based Apartments in New Braunfels, Texas
New Braunfels features 406 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 New Braunfels, Texas
There are 276 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Braunfels.
Housing Choice Vouchers in New Braunfels, Texas
On average, Section 8 Housing Choice vouchers pay New Braunfels landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in New Braunfels.
The maximum amount a voucher would pay on behalf of a low-income tenant in New Braunfels, Texas for a two-bedroom apartment is between $1,003 and $1,225.
2021 New Braunfels, 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|
|New Braunfels, Texas Fair Market Rent||$761||$912||$1,114||$1,446||$1,793|
|New Braunfels, Texas Payment Standard Range||$685 to $837||$821 to $1,003||$1,003 to $1,225||$1,301 to $1,591||$1,614 to $1,972|
Sourced from federal housing data and AffordableHousingOnline.com research.
New Braunfels, TX Affordable Housing Snapshot
|Total Affordable Apartment Properties||8|
|Total Low Income Apartments||682|
|Total Housing Units with Rental Assistance||406|
|Percentage of Housing Units Occupied By Renters||33.61%|
|Average Renter Household Size||2.71|
|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.
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 $74,100
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 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 HUD Rental Assistance in New Braunfels
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the New Braunfels AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the New Braunfels AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the New Braunfels AMI may qualify for rental assistance programs that target Low Income households.