About This Property
Villas of Lake Brazos offers 200 low-income units in Waco, Texas, with a mix of one-, two-, and three-bedroom floor plans. The community includes 32 one-bedroom, 72 two-bedroom, and 96 three-bedroom units and has been in service since 1995. This property is managed and available for inquiry through the contact information provided.
Waitlist Information
Waitlist managed by Housing Authority of the City of Waco
Waco Housing Authority has closed the Public Housing Waitlist.
The Hill and Somervell County HCV waitlist last accepted applications from June 5, 2023, until June 8, 2023. Preferences included Veteran, Employment, Elderly, Disabled and Handicapped (Head of Household), Job Training/School, Domestic Violence, Federal Preference, Homeless, and Residency Preference.
Waitlist data provided by section8waitlist.org
Updated July 29, 2026
Property Details
Fair Market Rent - McLennan 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 | $875 |
| 1 Bedroom | $1,011 |
| 2 Bedroom | $1,266 |
| 3 Bedroom | $1,632 |
| 4 Bedroom | $1,686 |
Income Limits - McLennan County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,150
- Very Low (50%)
- $21,900
- Low (80%)
- $35,000
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,000
- Low (80%)
- $40,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,150
- Low (80%)
- $45,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,250
- Low (80%)
- $50,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,750
- Low (80%)
- $54,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,250
- Low (80%)
- $58,000
- Extremely Low (30%)
- $38,750
- Very Low (50%)
- $38,750
- Low (80%)
- $62,000
- Extremely Low (30%)
- $41,250
- Very Low (50%)
- $41,250
- Low (80%)
- $66,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,150 | $21,900 | $35,000 |
| 2 Persons | $17,420 | $25,000 | $40,000 |
| 3 Persons | $21,960 | $28,150 | $45,000 |
| 4 Persons | $26,500 | $31,250 | $50,000 |
| 5 Persons | $31,040 | $33,750 | $54,000 |
| 6 Persons | $35,580 | $36,250 | $58,000 |
| 7 Persons | $38,750 | $38,750 | $62,000 |
| 8 Persons | $41,250 | $41,250 | $66,000 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Waco, TX?+
The Fair Market Rent (FMR) for McLennan County, TX is: $875 (Studio), $1011 (1BR), $1266 (2BR), $1632 (3BR), $1686 (4BR). Actual rent at subsidized properties like Villas of Lake Brazos is typically 30% of household income or less.
What size apartments are available at Villas of Lake Brazos?+
Villas of Lake Brazos offers the following unit types: 32 One-Bedroom, 72 Two-Bedroom, 96 Three-Bedroom units, for a total of 200 units.
How do I apply for housing at Villas of Lake Brazos?+
Villas of Lake Brazos 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 Villas of Lake Brazos?+
Villas of Lake Brazos is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Waco, TX?+
Based on Fair Market Rent for McLennan County, the estimated price range is: 1-bedroom: $1011, 2-bedroom: $1266, 3-bedroom: $1632. Actual rent at Villas of Lake Brazos may be lower for income-eligible households.
Is there a waitlist for Villas of Lake Brazos?+
Public Housing waitlist is currently Closed. 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.
What are the income limits for affordable housing in McLennan County, TX?+
For a 4-person household in McLennan County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,250, Low Income (80% AMI): $50,000. These limits are set by HUD and updated annually.
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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