About This Property
Bonham Village Apts offers 25 low-income units in Bonham, TX, with a mix of one 1-bedroom, sixteen 2-bedroom, and eight 3-bedroom floor plans. The property has been in service since 1991 and continues to provide affordable housing options for residents in Fannin County.
Property Details
Fair Market Rent - Fannin 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 | $754 |
| 1 Bedroom | $759 |
| 2 Bedroom | $997 |
| 3 Bedroom | $1,405 |
| 4 Bedroom | $1,665 |
Income Limits - Fannin County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,950
- Very Low (50%)
- $23,250
- Low (80%)
- $37,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,550
- Low (80%)
- $42,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,850
- Low (80%)
- $47,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,150
- Low (80%)
- $53,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $35,850
- Low (80%)
- $57,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,500
- Low (80%)
- $61,550
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,150
- Low (80%)
- $65,800
- Extremely Low (30%)
- $43,800
- Very Low (50%)
- $43,800
- Low (80%)
- $70,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,950 | $23,250 | $37,150 |
| 2 Persons | $17,420 | $26,550 | $42,450 |
| 3 Persons | $21,960 | $29,850 | $47,750 |
| 4 Persons | $26,500 | $33,150 | $53,050 |
| 5 Persons | $31,040 | $35,850 | $57,300 |
| 6 Persons | $35,580 | $38,500 | $61,550 |
| 7 Persons | $40,120 | $41,150 | $65,800 |
| 8 Persons | $43,800 | $43,800 | $70,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bonham, TX?+
The Fair Market Rent (FMR) for Fannin County, TX is: $754 (Studio), $759 (1BR), $997 (2BR), $1405 (3BR), $1665 (4BR). Actual rent at subsidized properties like Bonham Village Apts is typically 30% of household income or less.
What size apartments are available at Bonham Village Apts?+
Bonham Village Apts offers the following unit types: 1 One-Bedroom, 16 Two-Bedroom, 8 Three-Bedroom units, for a total of 25 units.
How do I apply for housing at Bonham Village Apts?+
Bonham Village 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 Bonham, TX?+
Based on Fair Market Rent for Fannin County, the estimated price range is: 1-bedroom: $759, 2-bedroom: $997, 3-bedroom: $1405. Actual rent at Bonham Village Apts may be lower for income-eligible households.
Who manages Bonham Village Apts?+
Bonham Village Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Fannin County, TX?+
For a 4-person household in Fannin County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,150, Low Income (80% AMI): $53,050. These limits are set by HUD and updated annually.
Contact Information
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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