Texas

USDA rental housing in Shelby County, TX

4 properties in Shelby County have USDA Section 515 or 514 financing: 132 apartments across 3 towns. 99 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

4properties
132apartments
99rental assistance units
8vacant units reported

Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.

Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.

Center Place Apts 2

705 Clifford St, Center, TX 75935

Family · 32 2BR

Managed by Mac Real Estate LLC

Units
32
Rental assistance
21
Vacant
5
Accessible
2
Opened
1982

Paradise Villa

1281 Sunset Cir, Center, TX 75935

Elderly · 28 1BR, 12 2BR

Units
40
Rental assistance
23
Vacant
0
Accessible
0
Opened
1984

Joaquin Housing LP

11326 U S Hwy 84 E, Joaquin, TX 75954

Family · 16 1BR, 16 2BR

Managed by Mac Real Estate LLC

Units
32
Rental assistance
29
Vacant
1
Accessible
2
Opened
1988

Timpson Seniors Apartments

329 Marcus St, Timpson, TX 75975

Elderly · 24 1BR, 4 2BR

Managed by Mac Real Estate LLC

Units
28
Rental assistance
26
Vacant
2
Accessible
3
Opened
1991

Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.

Who can rent here

USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.

For owners and buyers

Ownership: 1 nonprofit, 3 limited-profit. 3 also have housing tax credits. 2 serve elderly tenants. USDA's file shows use restrictions on 1 property here ending by 2031. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.

Watch a property for maturity or prepayment

Pick a Shelby County property. We'll email when USDA's monthly file shows its use-restriction date, rental assistance, unit count or ownership type change, or when it drops out of the active portfolio, which is what happens when the loan is prepaid or paid off.

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Every property in one file: 515/514 portfolio download (CSV and JSON).