About This Property
Katy Creek Retirement Village offers 40 low-income residential units in Bonham, Texas, comprising 36 one-bedroom and four two-bedroom apartments. The property has been in service since 1994 and serves the Fannin County area.
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 |
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 Katy Creek Retirement Village is typically 30% of household income or less.
What size apartments are available at Katy Creek Retirement Village?+
Katy Creek Retirement Village offers the following unit types: 36 One-Bedroom, 4 Two-Bedroom units, for a total of 40 units.
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.
How do I apply for housing at Katy Creek Retirement Village?+
Katy Creek Retirement Village 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. Actual rent at Katy Creek Retirement Village may be lower for income-eligible households.
Who manages Katy Creek Retirement Village?+
Katy Creek Retirement Village 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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