About This Property
Community of Possibilities is an affordable housing community in Sherman, TX with 96 units serving families, elderly, disabled, and homeless residents. The property was funded through TCAP and provides housing options for multiple populations in Grayson County. Interested applicants can contact the property for availability and eligibility information.
Waitlist Information
Waitlist managed by Texoma Council of Governments
The Texoma Council of Governments (TCOG) Housing Authority is not currently accepting applications for the Housing Choice Voucher (HCV) program. Information regarding future openings is not available on the provided page.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Grayson 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 | $897 |
| 1 Bedroom | $1,045 |
| 2 Bedroom | $1,227 |
| 3 Bedroom | $1,678 |
| 4 Bedroom | $2,082 |
Income Limits - Grayson County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,850
- Very Low (50%)
- $24,700
- Low (80%)
- $39,500
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,200
- Low (80%)
- $45,150
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,750
- Low (80%)
- $50,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,250
- Low (80%)
- $56,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,100
- Low (80%)
- $60,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,900
- Low (80%)
- $65,450
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,750
- Low (80%)
- $69,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,550
- Low (80%)
- $74,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,850 | $24,700 | $39,500 |
| 2 Persons | $17,420 | $28,200 | $45,150 |
| 3 Persons | $21,960 | $31,750 | $50,800 |
| 4 Persons | $26,500 | $35,250 | $56,400 |
| 5 Persons | $31,040 | $38,100 | $60,950 |
| 6 Persons | $35,580 | $40,900 | $65,450 |
| 7 Persons | $40,120 | $43,750 | $69,950 |
| 8 Persons | $44,660 | $46,550 | $74,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Sherman, TX?+
The Fair Market Rent (FMR) for Grayson County, TX is: $897 (Studio), $1045 (1BR), $1227 (2BR), $1678 (3BR), $2082 (4BR). Actual rent at subsidized properties like Community of Possibilities is typically 30% of household income or less.
What are the income limits for affordable housing in Grayson County, TX?+
For a 4-person household in Grayson County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,250, Low Income (80% AMI): $56,400. These limits are set by HUD and updated annually.
Who is eligible to live at Community of Possibilities?+
Community of Possibilities primarily serves families, elderly residents, persons with disabilities, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Community of Possibilities?+
Community of Possibilities 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.
Who manages Community of Possibilities?+
Community of Possibilities is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Community of Possibilities?+
Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date 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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