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There are 154 low-income apartments in Rio Hondo that offer reduced rents to eligible households.
Rental assistance programs support 80 low-income homes in Rio Hondo where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on December 14th, 2023. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Rio Hondo, Texas
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
| Housing Authority | Programs |
|---|---|
| Cameron County Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing; Moderate Rehabilitation |
Rio Hondo, Texas Affordable Housing Data
Income Based Apartments in Rio Hondo, Texas
Rio Hondo features 80 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Rio Hondo, Texas
There are 154 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rio Hondo.
Housing Choice Vouchers in Rio Hondo, Texas
On average, Section 8 Housing Choice vouchers pay Rio Hondo landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Rio Hondo.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rio Hondo, Texas for a two-bedroom apartment is between $869 and $1,062.
2024 Rio Hondo, Texas Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Rio Hondo, Texas Fair Market Rent | $660 | $761 | $965 | $1,270 | $1,374 |
| Rio Hondo, Texas Payment Standard Range | $594 to $726 | $685 to $837 | $869 to $1,062 | $1,143 to $1,397 | $1,237 to $1,511 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Rio Hondo, TX Affordable Housing Snapshot
| Total Affordable Apartment Properties | 5 |
|---|---|
| Total Low Income Apartments | 234 |
| Total Housing Units with Rental Assistance | 80 |
| Percentage of Housing Units Occupied By Renters | 28.75% |
| Average Renter Household Size | 2.75 |
| Average Household Size | 2.81 |
| Median Household Income | $37,743 ±$6,344 |
| Median Rent | $625 ±$325 |
| Percentage Of Renters Overburdened | 25.37% ± 16.67pp |
| Total Population | 2,005 |
Population and Household Demographics
Rio Hondo is a city in Cameron County, Texas with a population of 2,005. There are 713 households in the city with an average household size of 2.81 persons. 28.75% of households in Rio Hondo are renters.
Income and Rent Overburden in Rio Hondo
The median gross income for households in Rio Hondo is $37,743 a year, or $3,145 a month. The median rent for the city is $625 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rio Hondo, a household making less than $2,083 a month would be considered overburdened when renting an apartment at or above the median rent. 25.37% of households who rent are overburdened in Rio Hondo.
Area Median Income In Rio Hondo
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Rio Hondo, the AMI is calculated from all households within Cameron County.
In Rio Hondo, HUD calculates the Area Median Income for a family of four as $62,000
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Rio Hondo
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Rio Hondo
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Rio Hondo AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$15,200 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $44,750 | $47,600 |
| 50% AMI Income Limits Renters earning up to 50% of the Rio Hondo AMI may qualify for rental assistance programs that target Very Low Income households. |
$25,250 | $28,850 | $32,450 | $36,050 | $38,950 | $41,850 | $44,750 | $47,600 |
| 80% AMI Income Limits Renters earning up to 80% of the Rio Hondo AMI may qualify for rental assistance programs that target Low Income households. |
$40,400 | $46,150 | $51,900 | $57,650 | $62,300 | $66,900 | $71,500 | $76,100 |
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