About This Property
Bay Colony Apts provides 250 low-income units in League City, Texas, consisting of 126 two-bedroom and 120 three-bedroom apartments. The property has been in service since 2001 and is funded through tax-exempt bonds and 4% Low-Income Housing Tax Credit financing. Affordable housing opportunities are available through this community in Galveston County.
Property Details
Fair Market Rent - Galveston 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 | $1,073 |
| 1 Bedroom | $1,135 |
| 2 Bedroom | $1,357 |
| 3 Bedroom | $1,792 |
| 4 Bedroom | $2,303 |
Income Limits - Galveston County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,650
- Very Low (50%)
- $27,750
- Low (80%)
- $44,350
- Extremely Low (30%)
- $19,000
- Very Low (50%)
- $31,700
- Low (80%)
- $50,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,650
- Low (80%)
- $57,050
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,600
- Low (80%)
- $63,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,800
- Low (80%)
- $68,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,950
- Low (80%)
- $73,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,150
- Low (80%)
- $78,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,300
- Low (80%)
- $83,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,650 | $27,750 | $44,350 |
| 2 Persons | $19,000 | $31,700 | $50,700 |
| 3 Persons | $21,960 | $35,650 | $57,050 |
| 4 Persons | $26,500 | $39,600 | $63,350 |
| 5 Persons | $31,040 | $42,800 | $68,450 |
| 6 Persons | $35,580 | $45,950 | $73,500 |
| 7 Persons | $40,120 | $49,150 | $78,600 |
| 8 Persons | $44,660 | $52,300 | $83,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in League City, TX?+
The Fair Market Rent (FMR) for Galveston County, TX is: $1073 (Studio), $1135 (1BR), $1357 (2BR), $1792 (3BR), $2303 (4BR). Actual rent at subsidized properties like Bay Colony Apts is typically 30% of household income or less.
What size apartments are available at Bay Colony Apts?+
Bay Colony Apts offers the following unit types: 126 Two-Bedroom, 120 Three-Bedroom units, for a total of 250 units.
How do I apply for housing at Bay Colony Apts?+
Bay Colony 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 League City, TX?+
Based on Fair Market Rent for Galveston County, the estimated price range is: 2-bedroom: $1357, 3-bedroom: $1792. Actual rent at Bay Colony Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Galveston County, TX?+
For a 4-person household in Galveston County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,600, Low Income (80% AMI): $63,350. These limits are set by HUD and updated annually.
Who manages Bay Colony Apts?+
Bay Colony Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Location
Galveston County, TX
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