About This Property
Horizon Palms is a 76-unit affordable housing community in Horizon City, TX that has served low-income residents since 2006. The property offers a mix of floor plans including 16 one-bedroom, 36 two-bedroom, and 24 three-bedroom units and is financed through the 9% Low-Income Housing Tax Credit program. The community is professionally managed to provide stable housing opportunities for eligible residents.
Property Details
Fair Market Rent - El Paso 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 | $804 |
| 1 Bedroom | $980 |
| 2 Bedroom | $1,150 |
| 3 Bedroom | $1,594 |
| 4 Bedroom | $1,952 |
Income Limits - El Paso 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Horizon City, TX?+
The Fair Market Rent (FMR) for El Paso County, TX is: $804 (Studio), $980 (1BR), $1150 (2BR), $1594 (3BR), $1952 (4BR). Actual rent at subsidized properties like Horizon Palms is typically 30% of household income or less.
What size apartments are available at Horizon Palms?+
Horizon Palms offers the following unit types: 16 One-Bedroom, 36 Two-Bedroom, 24 Three-Bedroom units, for a total of 76 units.
What are the income limits for affordable housing in El Paso County, TX?+
For a 4-person household in El Paso 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 Horizon Palms?+
Horizon Palms is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Horizon Palms?+
Horizon Palms 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 Horizon City, TX?+
Based on Fair Market Rent for El Paso County, the estimated price range is: 1-bedroom: $980, 2-bedroom: $1150, 3-bedroom: $1594. Actual rent at Horizon Palms may be lower for income-eligible households.
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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