Affordable Housing In Val Verde County

8 Low Income Apartment Communities In Val Verde County

Rio Manor Apts.

600 Cantu Road
Del Rio, TX
Income Based
1-3 BR

Del Rio Rotary Housing

309 N Bedell Ave
Del Rio, TX
Elderly Supportive Housing

San Jose

510 Cochran St
Del Rio, TX

Casas Del Rio

100 E Adobe St
Del Rio, TX

Villa Hermosa

423 Airport Blvd
Del Rio, TX

Aster Villas

163 Yucca Trailer Park Rd
Del Rio, TX
HCV Welcome

La Vista Townhomes

1715 Kings Way
Del Rio, TX
HCV Welcome

Las Brisas Apartments

1970 S US Highway 277
Del Rio, TX
HCV Welcome
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Other Housing Authorities located in Val Verde County

Housing Authority Programs
Del Rio Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Val Verde County, Texas

According to federal housing data and research, there are 8 low income housing apartment communities offering 664 affordable apartments for rent in Val Verde County, Texas. Val Verde County features 432 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 232 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Val Verde County.

Val Verde County, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 664
Total Housing Units with Rental Assistance 432
Percentage of Housing Units Occupied By Renters 35.16%
Average Renter Household Size 2.86
Average Household Size 3.20
Median Household Income $42,174 ±$1,917
Median Rent $677 ±$44
Percentage Of Renters Overburdened 37.71% ± 5.43pp
Total Population 48,980

Population and Household Demographics

Val Verde County is a County in Texas with a population of 48,980. There are 14,790 households in the county with an average household size of 3.20 persons. 35.16% of households in Val Verde County are renters.

Income and Rent Overburden in Val Verde County

The median gross income for households in Val Verde County is $42,174 a year, or $3,515 a month. The median rent for the county is $677 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Val Verde County, a household making less than $2,257 a month would be considered overburdened when renting an apartment at or above the median rent. 37.71% of households who rent are overburdened in Val Verde County.1

Area Median Income In Val Verde 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 Val Verde County, HUD calculates the Area Median Income for a family of four as $53,900

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 Val Verde 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 Val Verde County HUD Rental Assistance in Val Verde County

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 Val Verde County

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

From 2002 to 2002, 2 low income apartment communities containing 231 rental apartments have been constructed and made affordable to low income persons in Val Verde 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 Val Verde County

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 Val Verde County 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 Val Verde 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$529 $542 $714 $964 $967

Cities In Val Verde County

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

City Listings Served By
Del Rio 8 The HUD funded Public Housing Agency that serves Del Rio is the Del Rio Housing Authority.
Amistad 0
Box Canyon 0
Cienegas Terrace 0
Lake View 0
Laughlin AFB 0
Val Verde Park 0