Low Income (LIHTC)

Millstone Apts

23405 W Fernhurst Dr, Katy, TX, 77494

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

Millstone Apts offers 248 low-income units in Katy, TX and has been in service since 2003. The property is financed through tax-exempt bonds and receives 4% Low-Income Housing Tax Credit funding. Harris County residents can contact the property management for leasing information and availability.

Property Details

Total Units

248

Fair Market Rent - Harris 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 - Harris County, TX

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $16,650
Very Low (50%): $27,750
Low (80%): $44,350

2 Persons

Extremely Low (30%): $19,000
Very Low (50%): $31,700
Low (80%): $50,700

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $35,650
Low (80%): $57,050

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $39,600
Low (80%): $63,350

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $42,800
Low (80%): $68,450

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $45,950
Low (80%): $73,500

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $49,150
Low (80%): $78,600

8 Persons

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

Year Placed in Service

2003

LIHTC Credit Type

Low-Income Units

248 / 248

Funding Programs

Tax-Exempt Bond

Frequently Asked Questions

What is the average rent for affordable housing in Katy, TX?+

The Fair Market Rent (FMR) for Harris County, TX is: $1073 (Studio), $1135 (1BR), $1357 (2BR), $1792 (3BR), $2303 (4BR). Actual rent at subsidized properties like Millstone Apts is typically 30% of household income or less.

What are the income limits for affordable housing in Harris County, TX?+

For a 4-person household in Harris 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.

How do I apply for housing at Millstone Apts?+

Millstone 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.

Who manages Millstone Apts?+

Millstone Apts is managed by . You can reach them at . Visit their website for more information.

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