About This Property
Lancet Court Apts comprises 32 one-bedroom units designated for low-income households in Leonard, TX. The property was placed in service in 1989 and continues to serve 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 Leonard, 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 Lancet Court Apts is typically 30% of household income or less.
What size apartments are available at Lancet Court Apts?+
Lancet Court Apts offers the following unit types: 32 One-Bedroom units, for a total of 32 units.
Who manages Lancet Court Apts?+
Lancet Court Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Leonard, TX?+
Based on Fair Market Rent for Fannin County, the estimated price range is: 1-bedroom: $759. Actual rent at Lancet Court Apts may be lower for income-eligible households.
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 Lancet Court Apts?+
Lancet Court 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
Location
Fannin County, TX
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