About This Property
Residences At Lake Waco comprises 114 units in Waco, Texas, including 79 designated low-income units. The property serves families, elderly residents, disabled individuals, and formerly homeless persons. The development participates in the 9% Low-Income Housing Tax Credit program.
Waitlist Information
Waitlist managed by Housing Authority of the City of Waco
The Public Housing Waitlist is closed.
The Housing Choice Voucher (Section 8) waitlist for McLennan County was last open on January 8, 2020. The HCV waitlist for Hill and Somervell Counties was open from June 5, 2023, to June 8, 2023, with preferences for veterans, employment, elderly, disabled, job training/school, domestic violence, and federal disaster displacement.
Waitlist data provided by section8waitlist.org
Updated July 7, 2026
Property Details
Fair Market Rent - McLennan 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 | $875 |
| 1 Bedroom | $1,011 |
| 2 Bedroom | $1,266 |
| 3 Bedroom | $1,632 |
| 4 Bedroom | $1,686 |
Income Limits - McLennan County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,150
- Very Low (50%)
- $21,900
- Low (80%)
- $35,000
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,000
- Low (80%)
- $40,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,150
- Low (80%)
- $45,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,250
- Low (80%)
- $50,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,750
- Low (80%)
- $54,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,250
- Low (80%)
- $58,000
- Extremely Low (30%)
- $38,750
- Very Low (50%)
- $38,750
- Low (80%)
- $62,000
- Extremely Low (30%)
- $41,250
- Very Low (50%)
- $41,250
- Low (80%)
- $66,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,150 | $21,900 | $35,000 |
| 2 Persons | $17,420 | $25,000 | $40,000 |
| 3 Persons | $21,960 | $28,150 | $45,000 |
| 4 Persons | $26,500 | $31,250 | $50,000 |
| 5 Persons | $31,040 | $33,750 | $54,000 |
| 6 Persons | $35,580 | $36,250 | $58,000 |
| 7 Persons | $38,750 | $38,750 | $62,000 |
| 8 Persons | $41,250 | $41,250 | $66,000 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Waco, TX?+
The Fair Market Rent (FMR) for McLennan County, TX is: $875 (Studio), $1011 (1BR), $1266 (2BR), $1632 (3BR), $1686 (4BR). Actual rent at subsidized properties like Residences At Lake Waco is typically 30% of household income or less.
What are the income limits for affordable housing in McLennan County, TX?+
For a 4-person household in McLennan County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,250, Low Income (80% AMI): $50,000. These limits are set by HUD and updated annually.
Who manages Residences At Lake Waco?+
Residences At Lake Waco is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Residences At Lake Waco?+
Residences At Lake Waco 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.
How do I apply for housing at Residences At Lake Waco?+
Residences At Lake Waco 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.
Is there a waitlist for Residences At Lake Waco?+
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.
Contact Information
Walk Score
Almost All Errands Require a Car
More Affordable Housing Near Residences At Lake Waco
Cottages of Oak Springs
Waco, TX
144 UnitsBarron'S Branch Ii
Waco, TX
76 UnitsDripping Springs Senior Village
Waco, TX
100 UnitsThe Reserve At Dry Creek
Hewitt, TX
113 UnitsBarron'S Branch
Waco, TX
92 UnitsCosta Esmeralda
Waco, TX
112 Units