Affordable Housing In Waxahachie
Ellis County, Texas

7 Low Income Apartment Communities In Waxahachie

Grove Park Terrace Apartments

400 Peters St
Waxahachie, TX
Subsidized

Patrick Apartments

208 Patrick St
Waxahachie, TX

Rusty Lane Duplexes

121 Rusty Ln
Waxahachie, TX
HCV Welcome

Grand Reserve Seniors - Waxahachie Community

129 Park Hills Dr
Waxahachie, TX
HCV Welcome

Park Manor Apartments

200 Parks School House Rd
Waxahachie, TX
HCV Welcome

Lexington Arms

400 Lexington Dr
Waxahachie, TX
HCV Welcome

Misty Court Duplexes

100 Misty Ct
Waxahachie, TX
HCV Welcome
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Housing Authorities that serve Waxahachie

Housing Authority Programs
Housing Authority of Waxahachie Public Housing
Texas Department of Housing and Community Affairs Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Waxahachie, Texas

According to federal housing data and AffordableHousingOnline.com research, there are 7 low income housing apartment communities offering 379 affordable apartments for rent in Waxahachie, Texas. Waxahachie features 164 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 215 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Waxahachie.

Waxahachie, TX Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 379
Total Housing Units with Rental Assistance 164
Percentage of Housing Units Occupied By Renters 45.84%
Average Renter Household Size 2.69
Average Household Size 2.79
Median Household Income $54,081 ±$3,364
Median Rent $932 ±$41
Percentage Of Renters Overburdened 47.56% ± 6.69pp
Total Population 31,756

Population and Household Demographics

Waxahachie is a City in Ellis County, Texas with a population of 31,756. There are 10,926 households in the city with an average household size of 2.79 persons. 45.84% of households in Waxahachie are renters.

Income and Rent Overburden in Waxahachie

The median gross income for households in Waxahachie is $54,081 a year, or $4,507 a month. The median rent for the city is $932 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Waxahachie, a household making less than $3,107 a month would be considered overburdened when renting an apartment at or above the median rent. 47.56% of households who rent are overburdened in Waxahachie.1

Area Median Income In Waxahachie

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 Waxahachie, the AMI is calculated from all households within Ellis County.

In Waxahachie, HUD calculates the Area Median Income for a family of four as $83,100

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 Waxahachie

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 Waxahachie HUD Rental Assistance in Waxahachie

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,500 $20,000 $22,500 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $29,100 $33,250 $37,400 $41,550 $44,900 $48,200 $51,550 $54,850
80% of Median $46,550 $53,200 $59,850 $66,500 $71,850 $77,150 $82,500 $87,800
Low Income Housing Tax Credits in Waxahachie

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

From 1992 to 2004, 4 low income apartment communities containing 215 rental apartments have been constructed and made affordable to low income persons in Waxahachie 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 Waxahachie

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $29,100 $33,250 $37,400 $41,550 $44,900 $48,200 $51,550 $54,850
60% of Median $34,920 $39,900 $44,880 $49,860 $53,880 $57,840 $61,860 $65,820

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 Waxahachie is $44,880 a year, or $3,740 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,740 by 30% to get a maximum rent of $1,122 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% $728 $779 $935 $1,081 $1,205 $1,330
60% $873 $935 $1,122 $1,297 $1,446 $1,596
Fair Market Rents in Waxahachie

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
$957 $1,093 $1,314 $1,727 $2,262