413 S. Virginia Ave., Mercedes, TX 78570
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 3 - 4 Beds | 1 Bath | 832 - 972 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.
This uniquely crafted community in Mercedes, Texas has everything you need, from beautiful surroundings to easy access to local highways and interstates. La Merced is strategically located close to great restaurants, shopping, and entertainment venues. For some fun in the sun, visit one of the many parks in the area. La Merced is the only place to call home!
The 3-bedroom homes for rent feature premium amenities for your comfort and convenience. Finding the right home to fit all your needs has never been easier. Designed for modern living, the particular accommodations ensure residents have unparalleled comforts that are second to none. You won’t want to miss these La Merced homes!
Pride is taken in being on the cutting edge of design and amenities. Section 8 is welcome in this pet-friendly community, so come home to La Merced in Mercedes, Texas! Experience a landmark address unlike any other, and elevate your lifestyle to new heights.
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 La Merced Homes 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 |
|---|---|---|
| Three Bedroom (3/1) | 832ft2 | Call for Price† |
| Four Bedroom (4/1) | 972ft2 | Call for Price† |
| AMI* | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $44,750 / year | $47,600 / year |
| 50% AMI for LIHTC Units | $32,450 / year | $36,050 / year | $38,950 / year | $41,850 / year | $44,750 / year | $47,600 / year |
| 50% AMI for PBRA Units | $32,450 / year | $36,050 / year | $38,950 / year | $41,850 / year | $44,750 / year | $47,600 / year |
| 60% AMI for LIHTC Units | $38,940 / year | $43,260 / year | $46,740 / year | $50,220 / year | $53,700 / year | $57,120 / year |
| 80% AMI for PBRA Units | $51,900 / year | $57,650 / year | $62,300 / year | $66,900 / year | $71,500 / year | $76,100 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does La Merced Homes have a waiting list?
La Merced Homes 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 La Merced Homes?
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 La Merced Homes?
La Merced Homes is managed by United Apartment Group headquartered in San Antonio , Texas.
In addition to La Merced Homes, how many other affordable housing properties (and units) are there in Mercedes?
In addition to La Merced Homes, we list 6 other affordable properties in Mercedes. Learn about these properties here. Our data research shows that there are a total of 810 affordable units in Mercedes.
When was the La Merced Homes listing last updated?
La Merced Homes listing on Affordable Housing Online was last updated on 04/03/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Stay in contact with the housing agency after applying.
While on a waiting list, always keep your information up to date. If you get selected for housing, the agency needs to know how to reach you!Kieyanah M Banks says:
"Affordable Housing Online helps people to know what to apply for when looking for help on rent."