7102 Alcove Avenue, Wolfforth, TX 79382
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Rachel Overby| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $776 - 889 per Month† | 1 - 3 Beds | 1 - 2 Baths | 808 - 1,198 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.
Dedicated to giving you the utmost comfort and convenience, The Reserves at Preston Trails is pleased to offer a charming selection of 1-, 2-, and 3-bedroom units. Visit this community today and discover the convenience that awaits with a resort-style pool and barbecue area, fitness center, theater room, and all kinds of entertainment all found within reach. This community also has a beautiful, WiFi-ready, on-site business center, so you can work remotely with ease. For every fur parent, this pet-friendly community welcomes adorable companions, close to dog parks and Bryan Patterson Park.
Because The Reserves at Preston Trails 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) | 808ft2 | Call for Price† |
| Two Bedroom (2/2) | 1031ft2 | $776† |
| Three Bedroom (3/2) | 1198ft2 | $889† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,200 / year | $33,350 / year | $37,500 / year | $41,650 / year | $45,000 / year | $48,350 / year |
| 50% AMI for PBRA Units | $29,200 / year | $33,350 / year | $37,500 / year | $41,650 / year | $45,000 / year | $48,350 / year |
| 60% AMI for LIHTC Units | $35,040 / year | $40,020 / year | $45,000 / year | $49,980 / year | $54,000 / year | $58,020 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Reserves at Preston Trails have a waiting list?
The Reserves at Preston Trails 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 The Reserves at Preston Trails?
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 The Reserves at Preston Trails?
The Reserves at Preston Trails is managed by Asset Living Property Management headquartered in Houston, Texas.
In addition to The Reserves at Preston Trails, how many other affordable housing properties (and units) are there in Wolfforth?
In addition to The Reserves at Preston Trails, we list 2 other affordable properties in Wolfforth. Learn about these properties here. Our data research shows that there are a total of 201 affordable units in Wolfforth.
When was the The Reserves at Preston Trails listing last updated?
The Reserves at Preston Trails listing on Affordable Housing Online was last updated on 11/16/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Shirley Toran says:
"Affordable Housing Online is very good at keeping me informed on new and future dates for waiting list applications."
