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Low Income (LIHTC)Waitlist Closed

Compass Pointe Apartments

1509 Wayside Dr, Midland, TX, 79701

Information verified April 17, 2026ยทWe re-check waiting list status daily

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About This Property

Compass Pointe Apartments in Midland, TX comprises 206 low-income units that have been in service since 2017. The property offers a mix of floor plans including 50 one-bedroom, 96 two-bedroom, and 60 three-bedroom units to serve families, elderly residents, disabled individuals, and formerly homeless populations. The development uses 4% Low-Income Housing Tax Credits to support affordable rental housing.

Waitlist Information

Waitlist managed by Midland County Housing Authority

Public Housing Waitlist
Closed

The Public Housing waiting list is currently closed. Information regarding future openings is not available on the provided pages.

Last verified April 13, 2026
Section 8 (HCV) Waitlist
Closed
Closed June 24, 2025

The Housing Choice Voucher Waiting List was closed on June 24, 2025. The Housing Choice Voucher Program Waiting List will open on April 26, 2025. The waiting list was closed on June 15, 2023. The Section 8 Waiting list was open on July 13, 2022. The Section 8 Waiting List was open on April 11, 2022.

Last verified April 14, 2026

Waitlist data provided by section8waitlist.org

Updated April 17, 2026

Property Details

Total Units
206
1 Bedroom
50
2 Bedroom
96
3 Bedroom
60

Fair Market Rent - Midland County, TX

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$1,364
1 Bedroom$1,372
2 Bedroom$1,612
3 Bedroom$2,059
4 Bedroom$2,723

Income Limits - Midland County, TX

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

1 Person
Extremely Low (30%)
$20,000
Very Low (50%)
$33,350
Low (80%)
$53,350
2 Persons
Extremely Low (30%)
$22,850
Very Low (50%)
$38,100
Low (80%)
$60,950
3 Persons
Extremely Low (30%)
$25,700
Very Low (50%)
$42,850
Low (80%)
$68,550
4 Persons
Extremely Low (30%)
$28,550
Very Low (50%)
$47,600
Low (80%)
$76,150
5 Persons
Extremely Low (30%)
$31,040
Very Low (50%)
$51,450
Low (80%)
$82,250
6 Persons
Extremely Low (30%)
$35,580
Very Low (50%)
$55,250
Low (80%)
$88,350
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$59,050
Low (80%)
$94,450
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$62,850
Low (80%)
$100,550

Tax Credit Program Details

Year Placed in Service
2017
LIHTC Credit Type
4%
Low-Income Units
206 / 206
Target Population
FamiliesElderlyDisabledHomeless
Designations
Qualified Census Tract

Frequently Asked Questions

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

The Fair Market Rent (FMR) for Midland County, TX is: $1364 (Studio), $1372 (1BR), $1612 (2BR), $2059 (3BR), $2723 (4BR). Actual rent at subsidized properties like Compass Pointe Apartments is typically 30% of household income or less.

What size apartments are available at Compass Pointe Apartments?+

Compass Pointe Apartments offers the following unit types: 50 One-Bedroom, 96 Two-Bedroom, 60 Three-Bedroom units, for a total of 206 units.

How do I apply for housing at Compass Pointe Apartments?+

Compass Pointe Apartments 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.

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

For a 4-person household in Midland County, TX, the income limits are: Extremely Low Income (30% AMI): $28,550, Very Low Income (50% AMI): $47,600, Low Income (80% AMI): $76,150. These limits are set by HUD and updated annually.

Is there a waitlist for Compass Pointe Apartments?+

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 is the price range for apartments in Midland, TX?+

Based on Fair Market Rent for Midland County, the estimated price range is: 1-bedroom: $1372, 2-bedroom: $1612, 3-bedroom: $2059. Actual rent at Compass Pointe Apartments may be lower for income-eligible households.

Who manages Compass Pointe Apartments?+

Compass Pointe Apartments is managed by . You can reach them at . Visit their website for more information.

Who is eligible to live at Compass Pointe Apartments?+

Compass Pointe Apartments 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.

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Walk Score

Car-Dependent

28
Walk
35
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Midland County, TX

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Housing Resources in Midland, TX

HUD-Approved Counseling Agencies

MIDLAND COMMUNITY DEVELOPMENT CORP

Pre-Purchase CounselingPre-Purchase Homebuyer Education WorkshopsFinancial Management/Budget Counseling