About This Property
Panola Seniors Community comprises 24 low-income units in Carthage, Texas, with a unit mix of twenty-two 1-bedroom and two 2-bedroom apartments. The property has been in service since 1994 and serves seniors in Panola County. Interested parties can contact the management office for application information and lease terms.
Property Details
Fair Market Rent - Panola 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 | $725 |
| 1 Bedroom | $730 |
| 2 Bedroom | $959 |
| 3 Bedroom | $1,189 |
| 4 Bedroom | $1,365 |
Income Limits - Panola 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 Carthage, TX?+
The Fair Market Rent (FMR) for Panola County, TX is: $725 (Studio), $730 (1BR), $959 (2BR), $1189 (3BR), $1365 (4BR). Actual rent at subsidized properties like Panola Seniors Community is typically 30% of household income or less.
What size apartments are available at Panola Seniors Community?+
Panola Seniors Community offers the following unit types: 22 One-Bedroom, 2 Two-Bedroom units, for a total of 24 units.
How do I apply for housing at Panola Seniors Community?+
Panola Seniors Community 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 Panola Seniors Community?+
Panola Seniors Community is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Panola County, TX?+
For a 4-person household in Panola 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.
What is the price range for apartments in Carthage, TX?+
Based on Fair Market Rent for Panola County, the estimated price range is: 1-bedroom: $730, 2-bedroom: $959. Actual rent at Panola Seniors Community may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
