Affordable Housing In Prado Verde
El Paso County, Texas

Affordable Housing programs support 0 income based apartments in Prado Verde where households pay rent based on how much they earn.

There are 0 affordable apartments in Prado Verde that offer reduced rents to low-income households.

Waiting Lists in Prado Verde, Texas

There are no open Section 8 Housing Choice Voucher waiting lists in Prado Verde. Go to the Texas Section 8 Waiting Lists page for openings near Prado Verde.

Affordable Housing Near Prado Verde

View affordable apartments and waiting lists in cities near Prado Verde

City Apartments
Affordable Housing In Anthony, TX Affordable Housing programs support 5 apartment communities in Anthony.
Affordable Housing In Clint, TX Affordable Housing programs support 1 apartment communities in Clint.
Affordable Housing In El Paso, TX Affordable Housing programs support 176 apartment communities in El Paso.
Affordable Housing In Fabens, TX Affordable Housing programs support 2 apartment communities in Fabens.
Affordable Housing In Horizon City, TX Affordable Housing programs support 2 apartment communities in Horizon City.
Affordable Housing In San Elizario, TX Affordable Housing programs support 5 apartment communities in San Elizario.
Affordable Housing In Socorro, TX Affordable Housing programs support 9 apartment communities in Socorro.
Affordable Housing In Vinton, TX Affordable Housing programs support 1 apartment communities in Vinton.

Public Housing Agencies Serving Prado Verde, Texas

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
El Paso County Housing Authority Section 8 Housing Choice Voucher (HCV)
El Paso County Housing Authority Public Housing
Go to the Texas Public Housing and Low-Income Apartments Waiting Lists page for openings near Prado Verde.

Prado Verde, Texas Affordable Housing Data

Income Based Apartments in Prado Verde, Texas

Prado Verde features 0 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 Prado Verde, Texas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Prado Verde.

Housing Choice Vouchers in Prado Verde, Texas

On average, Section 8 Housing Choice vouchers pay Prado Verde landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Prado Verde.

The maximum amount a voucher would pay on behalf of a low-income tenant in Prado Verde, Texas for a two-bedroom apartment is between $879 and $1,075.

2023 Prado Verde, 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
Prado Verde, Texas Fair Market Rent $672 $824 $977 $1,361 $1,664
Prado Verde, Texas Payment Standard Range $605 to $739 $742 to $906 $879 to $1,075 $1,225 to $1,497 $1,498 to $1,830

Sourced from federal housing data and AffordableHousingOnline.com research.

Prado Verde, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 3.59
Median Household Income $117,917 ±$34,181
Median Rent $0 ±$0
Total Population 262

Population and Household Demographics

Prado Verde is a city in El Paso County, Texas with a population of 262. There are 73 households in the city with an average household size of 3.59 persons. % of households in Prado Verde are renters.

Income and Rent Overburden in Prado Verde

The median gross income for households in Prado Verde is $117,917 a year, or $9,826 a month. The median rent for the city is $0 a month.

Area Median Income In Prado Verde

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 Prado Verde, the AMI is calculated from all households within El Paso County.

In Prado Verde, HUD calculates the Area Median Income for a family of four as $59,500

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 Prado Verde

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 Prado Verde

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 Prado Verde AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,350 $18,310 $23,030 $27,750 $32,470 $37,190 $41,910 $44,950
50% AMI Income Limits
Renters earning up to 50% of the Prado Verde AMI may qualify for rental assistance programs that target Very Low Income households.
$23,850 $27,250 $30,650 $34,050 $36,800 $39,500 $42,250 $44,950
80% AMI Income Limits
Renters earning up to 80% of the Prado Verde AMI may qualify for rental assistance programs that target Low Income households.
$38,150 $43,600 $49,050 $54,450 $58,850 $63,200 $67,550 $71,900