Low Income & Subsidized Housing in Sherman, TX

There are 6 subsidized and income-restricted properties in Sherman with roughly 940 assisted units — including 2 project-based Section 8 buildings, 1 public housing developments, and 4 LIHTC tax-credit communities, according to HUD administrative data. Reported tenant-paid rents across these buildings range from about $375 to $375 per month. Median reported wait: about 6 months.

6
assisted properties
940
subsidized units
$375
typical rent
6 mo
median wait

Complete directory of subsidized housing in Sherman

PropertyUnitsAvg rentReported wait
Unnamed Public Housing 298$375 6 mo
Park Manor Senior Community LIHTCPB Section 8 196
Steeple Chase Farms LIHTC 156
Villas of Sherman LIHTC 124
Community of Possibilities LIHTC 96
Hilltop Village Apartments PB Section 8 70

Section 8 apartments in Sherman (project-based)

These buildings carry HUD Section 8 contracts attached to the units — apply at each management office rather than through the voucher waitlist. How project-based Section 8 works →

PropertyUnitsAvg rentReported wait
Park Manor Senior Community LIHTCPB Section 8 196
Hilltop Village Apartments PB Section 8 70

Public housing developments in Sherman

Rents here are set at about 30% of household income and managed by the local housing authority. About the public housing program →

PropertyUnitsAvg rentReported wait
Unnamed Public Housing 298$375 6 mo

LIHTC & affordable tax-credit apartments in Sherman

Tax-credit units rent below market rate for households within income bands (often 30–60% of Area Median Income). Understanding LIHTC →

PropertyUnitsAvg rentReported wait
Steeple Chase Farms LIHTC 156
Villas of Sherman LIHTC 124
Community of Possibilities LIHTC 96

Voucher rent limits: Grayson County Fair Market Rents

Housing Choice Voucher payment standards in this area derive from HUD's FY2026 Fair Market Rents for Grayson County: studio $1,088, 1-BR $1,089, 2-BR $1,351, 3-BR $1,879, 4-BR $2,157.

Full FMR table for Grayson County →

How to apply for subsidized housing in Sherman

  1. Apply to buildings directly. Project-based Section 8, public housing, §202/§811 and LIHTC properties run their own waitlists — contact each office using the details on its page.
  2. Join voucher waitlists. Your regional housing authority administers Housing Choice Vouchers; ask about current openings and preferences. Step-by-step application guide →
  3. Document everything. ID, Social Security cards, birth certificates, and income proof speed up both paths.
  4. Stay reachable. Update your address everywhere — missed mail is the top reason applicants lose spots.

Nearby cities with low income housing

Data: HUD Picture of Subsidized Households & LIHTC database (2024 vintage). Figures are administrative averages — confirm current availability with each property.