2730 East Melissa Rd, Melissa, TX 75454
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 - 2 Baths | 700 - 900 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Gala at Melissa offers active seniors (55 and older) an elegant, hassle-free lifestyle in a warm, vibrant atmosphere. These spacious, brand new 1- and 2-bedroom apartments and cottages feature designer touches and fabulous amenities, such as an elegantly furnished community room, state-of-the-art fitness center, entertainment suite for private family events, planned weekly activities and resident services. This pet-friendly community is close to everything—shopping, golf courses, restaurants and other entertainment options.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Gala at Melissa does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 700ft2 | Call for Price† |
| Two Bedroom One Bath (2/1) | 900ft2 | Call for Price† |
| Two Bedroom Two Bath (2/2) | 900ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $21,700 / year | $24,800 / year | $27,900 / year | $30,950 / year |
| 50% AMI for LIHTC Units | $36,100 / year | $41,250 / year | $46,400 / year | $51,550 / year |
| 50% AMI for PBRA Units | $36,100 / year | $41,250 / year | $46,400 / year | $51,550 / year |
| 60% AMI for LIHTC Units | $43,320 / year | $49,500 / year | $55,680 / year | $61,860 / year |
| 80% AMI for PBRA Units | $57,750 / year | $66,000 / year | $74,250 / year | $82,500 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Gala at Melissa have a waiting list?
Gala at Melissa probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Gala at Melissa?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Gala at Melissa?
Gala at Melissa is managed by Asset Living Property Management headquartered in Houston, Texas.
In addition to Gala at Melissa, how many other affordable housing properties (and units) are there in Collin County?
In addition to Gala at Melissa, we list 277 other affordable properties in Collin County. Learn about these properties here. Our data research shows that there are a total of 40942 affordable units in Collin County.
When was the Gala at Melissa listing last updated?
Gala at Melissa listing on Affordable Housing Online was last updated on 11/27/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Don’t miss your window to apply!
If you can't apply now, write down when the waiting list closes. Many waiting lists are open only for a short time.Irina Petrova says:
"I recommend for everyone who needs information about Section 8 or Public Housing to use Affordable Housing Online."
