Low Income Apartments In Schleicher County
Texas

Low Income Apartments In Schleicher County

El Dorado Place Apartments II, Ltd

102 E Fields Ave
Eldorado, TX
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13 E Hill Ave
Eldorado, TX
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There are 2 low income housing apartment complexes which contain 72 affordable apartments for rent in Schleicher County. Many of these rental apartments are income based housing with 40 apartments that set rent based on your income. In Schleicher County, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 32 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Other Housing Authorities located in Schleicher County

Housing Authority Programs
Housing Authority of Eldorado Public Housing

Guide To Affordable Housing in Schleicher County, Texas

Schleicher County, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 72
Total Rent Assisted Apartments 40
Percentage of Housing Units Occupied By Renters 24.95%
Average Renter Household Size 3.34
Total Population 3,224
Housing Units 1,074
Average Household Size 3.00
Median Household Income $55,543 ±$7,548
Median Rent $503 ±$83
Percentage Of Renters Overburdened 30.22% ± 14.89pp

Population and Household Demographics

Schleicher County is a County in Texas with a population of 3,224. There are 1,074 households in the county with an average household size of 3.00 persons. 24.95% of households in Schleicher County are renters.

Income and Rent Overburden in Schleicher County

The median gross income for households in Schleicher County is $55,543 a year, or $4,629 a month. The median rent for the county is $503 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Schleicher County, a household making less than $1,677 a month would be considered overburdened when renting an apartment at or above the median rent. 30.22% of households who rent are overburdened in Schleicher County.1

Area Median Income In Schleicher County

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.

In Schleicher County, HUD calculates the Area Median Income for a family of four as $74,200

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 Schleicher County

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 Schleicher County HUD Rental Assistance in Schleicher County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,600 $17,800 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,000 $29,700 $33,400 $37,100 $40,100 $43,050 $46,050 $49,000
80% of Median $41,550 $47,500 $53,450 $59,350 $64,100 $68,850 $73,600 $78,350
Low Income Housing Tax Credits in Schleicher County

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

From 2001 to 2001, 1 low income apartment communities containing 32 rental apartments have been constructed and made affordable to low income persons in Schleicher County 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 Schleicher County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $31,200 $35,640 $40,080 $44,520 $48,120 $51,660 $55,260 $58,800

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 Schleicher County is $40,080 a year, or $3,340 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,340 by 30% to get a maximum rent of $1,002 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% $650 $696 $835 $965 $1,076 $1,188
60% $780 $836 $1,002 $1,158 $1,292 $1,426
Fair Market Rents in Schleicher County

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
$526 $536 $700 $930 $1,079

Cities In Schleicher County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Eldorado 2 The HUD funded Public Housing Agency that serves Eldorado is the Housing Authority of Eldorado.