About This Property
Panola Square is a 32-unit affordable housing community in Carthage, TX that has served residents since 1990. The property consists entirely of one-bedroom units designated for low-income households. Prospective tenants may contact the property management office for current availability and leasing information.
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 Square is typically 30% of household income or less.
What size apartments are available at Panola Square?+
Panola Square offers the following unit types: 32 One-Bedroom units, for a total of 32 units.
Who manages Panola Square?+
Panola Square is managed by . You can reach them at . Visit their website for more information.
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. Actual rent at Panola Square may be lower for income-eligible households.
How do I apply for housing at Panola Square?+
Panola Square 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 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.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
