About This Property
Lakes of Eldorado offers 220 low-income units in McKinney, TX, with a unit mix of 100 one-bedroom, 80 two-bedroom, and 40 three-bedroom apartments. The property has been in service since 1995 and is located in Collin County. Interested applicants can contact the property management for availability and application information.
Waitlist Information
Waitlist managed by Housing Authority of Mckinney
The McKinney Housing Authority administers both Public Housing and Section 8/Housing Choice Voucher program. Both programs have a wait list. Applications must be written. HA representative will describe the program and answer questions. Documentation will be requested. If eligible, name will be put on a waiting list unless immediate assistance is possible. Long waiting periods are common. HA may close its waiting list when there are more families on the list than can be assisted in the near future. Each HA has discretion to establish preferences.
A 'MHA Wait list notice HCV' document from October 18, 2023, is listed.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Collin 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 | $1,426 |
| 1 Bedroom | $1,500 |
| 2 Bedroom | $1,758 |
| 3 Bedroom | $2,212 |
| 4 Bedroom | $2,847 |
Income Limits - Collin County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,700
- Very Low (50%)
- $31,150
- Low (80%)
- $49,850
- Extremely Low (30%)
- $21,400
- Very Low (50%)
- $35,600
- Low (80%)
- $57,000
- Extremely Low (30%)
- $24,050
- Very Low (50%)
- $40,050
- Low (80%)
- $64,100
- Extremely Low (30%)
- $26,700
- Very Low (50%)
- $44,500
- Low (80%)
- $71,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,100
- Low (80%)
- $76,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $51,650
- Low (80%)
- $82,600
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $55,200
- Low (80%)
- $88,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $58,750
- Low (80%)
- $94,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,700 | $31,150 | $49,850 |
| 2 Persons | $21,400 | $35,600 | $57,000 |
| 3 Persons | $24,050 | $40,050 | $64,100 |
| 4 Persons | $26,700 | $44,500 | $71,200 |
| 5 Persons | $31,040 | $48,100 | $76,900 |
| 6 Persons | $35,580 | $51,650 | $82,600 |
| 7 Persons | $40,120 | $55,200 | $88,300 |
| 8 Persons | $44,660 | $58,750 | $94,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in McKinney, TX?+
The Fair Market Rent (FMR) for Collin County, TX is: $1426 (Studio), $1500 (1BR), $1758 (2BR), $2212 (3BR), $2847 (4BR). Actual rent at subsidized properties like Lakes of Eldorado is typically 30% of household income or less.
What size apartments are available at Lakes of Eldorado?+
Lakes of Eldorado offers the following unit types: 100 One-Bedroom, 80 Two-Bedroom, 40 Three-Bedroom units, for a total of 220 units.
What are the income limits for affordable housing in Collin County, TX?+
For a 4-person household in Collin County, TX, the income limits are: Extremely Low Income (30% AMI): $26,700, Very Low Income (50% AMI): $44,500, Low Income (80% AMI): $71,200. These limits are set by HUD and updated annually.
How do I apply for housing at Lakes of Eldorado?+
Lakes of Eldorado 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.
Who is eligible to live at Lakes of Eldorado?+
Lakes of Eldorado primarily serves UNSPECIFIED. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in McKinney, TX?+
Based on Fair Market Rent for Collin County, the estimated price range is: 1-bedroom: $1500, 2-bedroom: $1758, 3-bedroom: $2212. Actual rent at Lakes of Eldorado may be lower for income-eligible households.
Is there a waitlist for Lakes of Eldorado?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Lakes of Eldorado?+
Lakes of Eldorado is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Lakes of Eldorado
Post Oak Apts (Mckinney)
McKinney, TX
0 Units
Housing Authority of Mckinney
McKinney, TX
475 UnitsTreymore At Mckinney
McKinney, TX
192 UnitsPost Oak Apts Mckinney
McKinney, TX
0 UnitsCountry Lane Seniors Community
McKinney, TX
230 UnitsMerritt Mcgowan Manor
McKinney, TX
136 Units