About This Property
Academy Apts comprises 24 low-income rental units in Palestine, TX, with a unit mix of eight 1-bedroom, twelve 2-bedroom, and four 3-bedroom apartments. The property has been in service since 1996 and is financed through 4% Low-Income Housing Tax Credits. Contact information and management details are available upon request.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Anderson County, TX
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $879 |
| 1 Bedroom | $885 |
| 2 Bedroom | $1,035 |
| 3 Bedroom | $1,298 |
| 4 Bedroom | $1,663 |
Income Limits - Anderson County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,350
- Low (80%)
- $34,100
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,400
- Low (80%)
- $39,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,450
- Low (80%)
- $43,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,450
- Low (80%)
- $48,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,900
- Low (80%)
- $52,600
- Extremely Low (30%)
- $35,350
- Very Low (50%)
- $35,350
- Low (80%)
- $56,500
- Extremely Low (30%)
- $37,800
- Very Low (50%)
- $37,800
- Low (80%)
- $60,400
- Extremely Low (30%)
- $40,200
- Very Low (50%)
- $40,200
- Low (80%)
- $64,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,350 | $34,100 |
| 2 Persons | $17,420 | $24,400 | $39,000 |
| 3 Persons | $21,960 | $27,450 | $43,850 |
| 4 Persons | $26,500 | $30,450 | $48,700 |
| 5 Persons | $31,040 | $32,900 | $52,600 |
| 6 Persons | $35,350 | $35,350 | $56,500 |
| 7 Persons | $37,800 | $37,800 | $60,400 |
| 8 Persons | $40,200 | $40,200 | $64,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Palestine, TX?+
The Fair Market Rent (FMR) for Anderson County, TX is: $879 (Studio), $885 (1BR), $1035 (2BR), $1298 (3BR), $1663 (4BR). Actual rent at subsidized properties like Academy Apts is typically 30% of household income or less.
What size apartments are available at Academy Apts?+
Academy Apts offers the following unit types: 8 One-Bedroom, 12 Two-Bedroom, 4 Three-Bedroom units, for a total of 24 units.
How do I apply for housing at Academy Apts?+
Academy Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in Palestine, TX?+
Based on Fair Market Rent for Anderson County, the estimated price range is: 1-bedroom: $885, 2-bedroom: $1035, 3-bedroom: $1298. Actual rent at Academy Apts may be lower for income-eligible households.
What is the HUD inspection score for Academy Apts?+
Academy Apts has a HUD inspection score of 84 out of 100, which is considered good. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
What are the income limits for affordable housing in Anderson County, TX?+
For a 4-person household in Anderson County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,450, Low Income (80% AMI): $48,700. These limits are set by HUD and updated annually.
Who manages Academy Apts?+
Academy Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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