1015 Gilmer Road , Winnsboro, TX 75494
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 750 - 1,214 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.
If you are looking for exceptional living, look no further – you’ve found it at Madison Oaks! This newly built community is nestled in the heart of Winnsboro, Texas, with close proximity to local parks, eateries, shopping, and recreation. Comfort and convenience are of utmost importance, and this community was designed with satisfaction in mind. Let Madison Oaks be the gateway to fun and excitement in Winnsboro, Texas.
Enjoy an abundance of amenities in these apartment homes. This community offers 1-, 2-, and 3-bedroom floor plans brimming with features including hardwood floors, washer and dryer, balcony or patio, walk-in closets and much more. Whatever you may be looking for, you’ll find it at Madison Oaks. Take advantage of community features including a relaxing clubhouse, children’s play area, state-of-the-art fitness center, business center and on-site maintenance service to ensure that all residents feel at ease and at home.
Because Madison Oaks Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, 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) | 750ft2 | Call for Price† |
| Two Bedroom (2/2) | 1040ft2 | Call for Price† |
| Three Bedroom (3/2) | 1214ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $26,750 / year | $30,600 / year | $34,400 / year | $38,200 / year | $41,300 / year | $44,350 / year |
| 50% AMI for PBRA Units | $26,750 / year | $30,600 / year | $34,400 / year | $38,200 / year | $41,300 / year | $44,350 / year |
| 60% AMI for LIHTC Units | $32,100 / year | $36,720 / year | $41,280 / year | $45,840 / year | $49,560 / year | $53,220 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Madison Oaks Apartments have a waiting list?
Madison Oaks Apartments 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 Madison Oaks Apartments?
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 Madison Oaks Apartments?
Madison Oaks Apartments is managed by Brownstone Residential headquartered in Houston, Texas.
In addition to Madison Oaks Apartments, how many other affordable housing properties (and units) are there in Winnsboro?
In addition to Madison Oaks Apartments, we list 5 other affordable properties in Winnsboro. Learn about these properties here. Our data research shows that there are a total of 130 affordable units in Winnsboro.
When was the Madison Oaks Apartments listing last updated?
Madison Oaks Apartments listing on Affordable Housing Online was last updated on 11/09/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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