About This Property
Lance Street Apts comprises 36 two-bedroom units designated for low-income households in Madisonville, Texas. The property, which was placed in service in 1995, utilizes 4% Low-Income Housing Tax Credits to support its affordability mission. Management and leasing inquiries are available through the property contact information.
Waitlist Information
Waitlist managed by Housing Authority of the City of Madisonville
Applicants are placed on a community-wide waiting list; an extensive background check (criminal, credit, rental history) is performed, and applicants must update their file every 6 months to express continued interest. Declining two invitations will result in the application being purged from the waitlist.
Pre-applications are being accepted, and eligibility considers family needs; declining two invitations will purge the application from the waitlist. Eligibility is based on income, family size, and citizenship status, generally below 50% of Area Median Income.
Waitlist data provided by section8waitlist.org
Updated May 29, 2026
Property Details
Fair Market Rent - Madison 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 | $743 |
| 1 Bedroom | $748 |
| 2 Bedroom | $963 |
| 3 Bedroom | $1,285 |
| 4 Bedroom | $1,431 |
Income Limits - Madison County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,200
- Very Low (50%)
- $22,000
- Low (80%)
- $35,200
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,150
- Low (80%)
- $40,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,300
- Low (80%)
- $45,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,400
- Low (80%)
- $50,250
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,450
- Low (80%)
- $58,300
- Extremely Low (30%)
- $38,950
- Very Low (50%)
- $38,950
- Low (80%)
- $62,350
- Extremely Low (30%)
- $41,450
- Very Low (50%)
- $41,450
- Low (80%)
- $66,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,200 | $22,000 | $35,200 |
| 2 Persons | $17,420 | $25,150 | $40,200 |
| 3 Persons | $21,960 | $28,300 | $45,250 |
| 4 Persons | $26,500 | $31,400 | $50,250 |
| 5 Persons | $31,040 | $33,950 | $54,300 |
| 6 Persons | $35,580 | $36,450 | $58,300 |
| 7 Persons | $38,950 | $38,950 | $62,350 |
| 8 Persons | $41,450 | $41,450 | $66,350 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madisonville, TX?+
The Fair Market Rent (FMR) for Madison County, TX is: $743 (Studio), $748 (1BR), $963 (2BR), $1285 (3BR), $1431 (4BR). Actual rent at subsidized properties like Lance Street Apts is typically 30% of household income or less.
What size apartments are available at Lance Street Apts?+
Lance Street Apts offers the following unit types: 36 Two-Bedroom units, for a total of 36 units.
What are the income limits for affordable housing in Madison County, TX?+
For a 4-person household in Madison County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,400, Low Income (80% AMI): $50,250. These limits are set by HUD and updated annually.
What is the price range for apartments in Madisonville, TX?+
Based on Fair Market Rent for Madison County, the estimated price range is: 2-bedroom: $963. Actual rent at Lance Street Apts may be lower for income-eligible households.
How do I apply for housing at Lance Street Apts?+
Lance Street 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 Lance Street Apts?+
Lance Street Apts is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Lance Street Apts?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. 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
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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