About This Property
Village of Penitas consists of 128 residential units in Penitas, TX, with 116 designated as low-income housing. The property has been in service since 2015 and is located in Hidalgo County. Management and contact information are available upon request.
Property Details
Fair Market Rent - Hidalgo 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 | $777 |
| 1 Bedroom | $781 |
| 2 Bedroom | $977 |
| 3 Bedroom | $1,277 |
| 4 Bedroom | $1,409 |
Income Limits - Hidalgo County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,350
- Low (80%)
- $34,100
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,400
- Low (80%)
- $39,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,450
- Low (80%)
- $43,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,450
- Low (80%)
- $48,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,900
- Low (80%)
- $52,600
- Extremely Low (30%)
- $35,350
- Very Low (50%)
- $35,350
- Low (80%)
- $56,500
- Extremely Low (30%)
- $37,800
- Very Low (50%)
- $37,800
- Low (80%)
- $60,400
- Extremely Low (30%)
- $40,200
- Very Low (50%)
- $40,200
- Low (80%)
- $64,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,350 | $34,100 |
| 2 Persons | $17,420 | $24,400 | $39,000 |
| 3 Persons | $21,960 | $27,450 | $43,850 |
| 4 Persons | $26,500 | $30,450 | $48,700 |
| 5 Persons | $31,040 | $32,900 | $52,600 |
| 6 Persons | $35,350 | $35,350 | $56,500 |
| 7 Persons | $37,800 | $37,800 | $60,400 |
| 8 Persons | $40,200 | $40,200 | $64,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Penitas, TX?+
The Fair Market Rent (FMR) for Hidalgo County, TX is: $777 (Studio), $781 (1BR), $977 (2BR), $1277 (3BR), $1409 (4BR). Actual rent at subsidized properties like Village of Penitas is typically 30% of household income or less.
What are the income limits for affordable housing in Hidalgo County, TX?+
For a 4-person household in Hidalgo County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,450, Low Income (80% AMI): $48,700. These limits are set by HUD and updated annually.
Who manages Village of Penitas?+
Village of Penitas is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Village of Penitas?+
Village of Penitas primarily serves SPECIAL NEEDS. 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 Village of Penitas?+
Village of Penitas 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
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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