Affordable Housing In Texarkana
Bowie County, Texas

9 Low Income Apartment Communities In Texarkana

Renaissance Plaza

1100 Dan Haskins Way
Texarkana, TX
Call For Rent
1-2 BR
62+

Robison Terrace

1010 Dan Haskins Way
Texarkana, TX
Call For Rent
1-2 BR
HCV Welcome

Sunset Apartments

1601 Allen Ln
Texarkana, TX
Subsidized

Town North Apartments

4624 Elizabeth St
Texarkana, TX
Subsidized

Lakeridge Apartments

3708 S Lake Dr
Texarkana, TX
HCV Welcome

Griff King Homes

1125 Stuckey St
Texarkana, TX

Covington Homes

3131 Bright St
Texarkana, TX

The Oaks at Rosehill

1210 Milam St
Texarkana, TX

Pecan Ridge

NW Corner of Milam 15th St
Texarkana, TX
HCV Welcome
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Housing Authorities that serve Texarkana

Housing Authority Programs
Housing Authority of Texarkana Section 8 Housing Choice Voucher (HCV); Public Housing
Bowie County Housing Authority Public Housing
Ark-Tex Council of Governments Section 8 Housing Choice Voucher (HCV)
Bowie County Housing Authority Public Housing

Guide To Affordable Housing in Texarkana, Texas

According to federal housing data and AffordableHousingOnline.com research, there are 9 low income housing apartment communities offering 1,046 affordable apartments for rent in Texarkana, Texas. Texarkana features 560 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 366 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Texarkana.

Texarkana, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 1,046
Total Housing Units with Rental Assistance 560
Percentage of Housing Units Occupied By Renters 44.92%
Average Renter Household Size 2.39
Average Household Size 2.63
Median Household Income $39,113 ±$2,345
Median Rent $706 ±$36
Percentage Of Renters Overburdened 52.48% ± 5.11pp
Total Population 37,088

Population and Household Demographics

Texarkana is a City in Bowie County, Texas with a population of 37,088. There are 13,666 households in the city with an average household size of 2.63 persons. 44.92% of households in Texarkana are renters.

Income and Rent Overburden in Texarkana

The median gross income for households in Texarkana is $39,113 a year, or $3,259 a month. The median rent for the city is $706 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Texarkana, a household making less than $2,353 a month would be considered overburdened when renting an apartment at or above the median rent. 52.48% of households who rent are overburdened in Texarkana.1

Area Median Income In Texarkana

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 Texarkana, the AMI is calculated from all households within Bowie County.

In Texarkana, HUD calculates the Area Median Income for a family of four as $54,600

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 Texarkana

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 Texarkana HUD Rental Assistance in Texarkana

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $34,050 $36,400 $38,750
50% of Median $20,550 $23,500 $26,450 $29,350 $31,700 $34,050 $36,400 $38,750
80% of Median $32,900 $37,600 $42,300 $46,950 $50,750 $54,500 $58,250 $62,000
Low Income Housing Tax Credits in Texarkana

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

From 2003 to 2004, 2 low income apartment communities containing 336 rental apartments have been constructed and made affordable to low income persons in Texarkana 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 Texarkana

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,550 $23,500 $26,450 $29,350 $31,700 $34,050 $36,400 $38,750
60% of Median $24,660 $28,200 $31,740 $35,220 $38,040 $40,860 $43,680 $46,500

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 Texarkana is $31,740 a year, or $2,645 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,645 by 30% to get a maximum rent of $794 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% $514 $551 $661 $763 $851 $939
60% $617 $661 $794 $916 $1,022 $1,127
Fair Market Rents in Texarkana

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$611 $624 $792 $996 $1,286