Pam Apartments

1200 N. Wells, Pampa, Texas 79065

Pam Apartments, located at 1200 N. Wells in Pampa, has one bedroom garden style apartments. Pam Apartments participates in the Section 8 Project-Based Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

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Last updated on May 16th, 2019

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 572 Income Based

Pam Apartments Details

  • 96 one bedroom units.
  • Garden
  • Water and Sewer utilities included in rent
  • Heat utility included in rent
  • Project-Based Rental Assistance

Property Amenities

  • Community Room
  • Emergency Pull Cord
  • Resident Service Coordinator
  • Off Street Parking
  • Coin-Operated Laundry
  • Meal Services
  • Pet Friendly
  • 24 Hour Maintenance
  • Accessible Apartments
  • Storage (in unit)
  • Heat Included
  • Wheel Chair Accessible

Unit Amenities

  • Handicapped Accessible
  • Carpet
  • Yard
  • Refrigerator
  • Oven and Range
  • Water Trash and Sewer Included
  • Bathroom Grab Bars
  • Central Heat & Air
  • Private Patios
  • Electric Range
  • vinyl tile flooring

Nearby Amenities

  • Close to Public Transportation

Office Hours

Day Hours
Monday 10:00am-4:00pm
Tuesday 10:00am-4:00pm
Wednesday 10:00am-4:00pm
Thursday 10:00am-4:00pm
Friday 10:00am-4:00pm

About Pam Apartments

Pam Apartments are for those households who are elderly or disabled of any age. We are a pet friendly community located on a spacious 7 1/2 acre lot with a park like atmosphere. We have a laundry center, a beautiful community room with planned events and programs including, meal programs, home health services, and transportation service. Residents enjoy their own personal patio with access to yard and flower bed.

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Pampa HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Pampa but actual income limits may differ for units at Pam Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,750 $16,910 $21,330 $25,750 $30,170 $34,590 $37,600 $40,000
50% $21,250 $24,250 $27,300 $30,300 $32,750 $35,150 $37,600 $40,000
80% $33,950 $38,800 $43,650 $48,500 $52,400 $56,300 $60,150 $64,050

Pampa Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Pampa but actual income limits may differ for units at Pam Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $21,250 $24,250 $27,300 $30,300 $32,750 $35,150 $37,600 $40,000
Low Income (60%) $25,500 $29,100 $32,760 $36,360 $39,300 $42,180 $45,120 $48,000

These general income qualifications for Pampa, Texas should only be used as a basic guide. To find out if you qualify, contact the community directly.

Pam Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Pam Apartments has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Pam Apartments is managed by California Commercial Investment Group.

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