About This Property
Waverly Village offers 50 low-income units in New Waverly, TX serving families, elderly, disabled, and homeless populations. The property operates under 9% Low-Income Housing Tax Credit financing and provides affordable housing options in Walker County.
Property Details
Fair Market Rent - Walker 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 | $807 |
| 1 Bedroom | $1,035 |
| 2 Bedroom | $1,190 |
| 3 Bedroom | $1,441 |
| 4 Bedroom | $2,019 |
Income Limits - Walker County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,250
- Very Low (50%)
- $23,700
- Low (80%)
- $37,900
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,050
- Low (80%)
- $43,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,450
- Low (80%)
- $48,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,800
- Low (80%)
- $54,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,550
- Low (80%)
- $58,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,250
- Low (80%)
- $62,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,950
- Low (80%)
- $67,100
- Extremely Low (30%)
- $44,650
- Very Low (50%)
- $44,650
- Low (80%)
- $71,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,250 | $23,700 | $37,900 |
| 2 Persons | $17,420 | $27,050 | $43,300 |
| 3 Persons | $21,960 | $30,450 | $48,700 |
| 4 Persons | $26,500 | $33,800 | $54,100 |
| 5 Persons | $31,040 | $36,550 | $58,450 |
| 6 Persons | $35,580 | $39,250 | $62,800 |
| 7 Persons | $40,120 | $41,950 | $67,100 |
| 8 Persons | $44,650 | $44,650 | $71,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in New Waverly, TX?+
The Fair Market Rent (FMR) for Walker County, TX is: $807 (Studio), $1035 (1BR), $1190 (2BR), $1441 (3BR), $2019 (4BR). Actual rent at subsidized properties like Waverly Village is typically 30% of household income or less.
What are the income limits for affordable housing in Walker County, TX?+
For a 4-person household in Walker County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,800, Low Income (80% AMI): $54,100. These limits are set by HUD and updated annually.
Who is eligible to live at Waverly Village?+
Waverly Village 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.
Who manages Waverly Village?+
Waverly Village is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Waverly Village?+
Waverly Village 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.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.