During the development of Victoria’s community-driven 2035 Comprehensive Plan, residents identified the expansion of entry-level and moderate-income housing as a key goal for the city. The City of Victoria partners with private developers and leverages state and federal resources to expand low-cost housing options for residents.
Area median income
Some affordable housing options are reserved for residents who earn less than a certain percentage of Victoria’s area median income (AMI).
Area median income is updated yearly by the Department of Housing and Urban Development. This table shows AMI levels for 2025.
| Household Size | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| 30% AMI | $18,250 | $20,850 | $23,450 | $26,050 | $28,150 | $30,250 |
| 50% AMI | $30,400 | $34,750 | $39,100 | $43,400 | $46,900 | $50,350 |
| 80% AMI | $48,650 | $55,600 | $62,550 | $69,450 | $75,050 | $80,600 |
Funding sources
Victoria Housing Finance Corporation (VHFC)
The Victoria Housing Finance Corporation issues tax-exempt bonds on behalf of private developers to finance affordable housing projects. The developer is responsible for repaying the bonds.
The VHFC collects developer fees and bond issuance fees on some of its projects. These additional fees can be used to fund other affordable housing projects.
Victoria Public Facility Corporation (VPFC)
The Victoria Public Facility Corporation issues tax-exempt bonds on behalf of private developers to finance mixed-income housing projects. The developer is responsible for repaying the bonds.
The VPFC collects developer fees and bond issuance fees on some of its projects. These additional fees can be used to fund other projects.
Texas Department of Housing and Community Affairs (TDHCA)
The Texas Department of Housing and Community Affairs administers competitive and noncompetitive tax credit programs for affordable housing developments.
The City of Victoria supports and assists developers in applying for these tax credit programs.
Community Development Block Grant (CDBG) program
Development Services administers the federal Community Development Block Grant program, which is funded by the Department of Housing and Urban Development. These federal funds may be used to revitalize neighborhoods, expand affordable housing and provide other support to low- to moderate-income residents.
Affordable apartments supported by City partnerships
Enchanted Gardens
The Victorian
Odem Street Apartments