About This Property
Tranquility Bay Apts offers 246 units designated for low-income residents in Pearland, Texas. The property has been in service since 2005 and receives funding through tax-exempt bonds and 4% Low-Income Housing Tax Credits. The community is managed by an experienced property management team.
Property Details
Fair Market Rent - Brazoria 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 | $960 |
| 1 Bedroom | $1,194 |
| 2 Bedroom | $1,340 |
| 3 Bedroom | $1,744 |
| 4 Bedroom | $2,274 |
Income Limits - Brazoria County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,300
- Very Low (50%)
- $33,850
- Low (80%)
- $54,150
- Extremely Low (30%)
- $23,200
- Very Low (50%)
- $38,650
- Low (80%)
- $61,850
- Extremely Low (30%)
- $26,100
- Very Low (50%)
- $43,500
- Low (80%)
- $69,600
- Extremely Low (30%)
- $29,000
- Very Low (50%)
- $48,300
- Low (80%)
- $77,300
- Extremely Low (30%)
- $31,350
- Very Low (50%)
- $52,200
- Low (80%)
- $83,500
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $56,050
- Low (80%)
- $89,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $59,900
- Low (80%)
- $95,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,800
- Low (80%)
- $102,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,300 | $33,850 | $54,150 |
| 2 Persons | $23,200 | $38,650 | $61,850 |
| 3 Persons | $26,100 | $43,500 | $69,600 |
| 4 Persons | $29,000 | $48,300 | $77,300 |
| 5 Persons | $31,350 | $52,200 | $83,500 |
| 6 Persons | $35,580 | $56,050 | $89,700 |
| 7 Persons | $40,120 | $59,900 | $95,900 |
| 8 Persons | $44,660 | $63,800 | $102,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Pearland, TX?+
The Fair Market Rent (FMR) for Brazoria County, TX is: $960 (Studio), $1194 (1BR), $1340 (2BR), $1744 (3BR), $2274 (4BR). Actual rent at subsidized properties like Tranquility Bay Apts is typically 30% of household income or less.
What are the income limits for affordable housing in Brazoria County, TX?+
For a 4-person household in Brazoria County, TX, the income limits are: Extremely Low Income (30% AMI): $29,000, Very Low Income (50% AMI): $48,300, Low Income (80% AMI): $77,300. These limits are set by HUD and updated annually.
Who manages Tranquility Bay Apts?+
Tranquility Bay Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Tranquility Bay Apts?+
Tranquility Bay 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.
Contact Information
Walk Score
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