1950 E Mayfield Rd., Arlington, TX 76014
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $998 - 1,189 per Month† | 1 - 2 Beds | 1 Bath | 660 - 894 Sq Ft |
This property is currently under construction.
Welcome to this brand-new, beautiful community, designed for adults 55 & over! Each spacious floor plan includes modern amenities you would expect to find in a luxury home, at affordable rental rates: a fully-equipped kitchen with energy-efficient appliances, washer/dryer connections, and exceptional closet space. This community offers incredible amenities featuring a community room, fitness center, swimming pool, and a walking trail. Reserve at Mayfield is smoke-free & pet-friendly.
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 Reserve at Mayfield 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) | 660ft2 | $998† |
| Two Bedroom (2/1) | 894ft2 | $1,189† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $33,500 / year | $38,300 / year | $43,100 / year | $47,850 / year |
| 50% AMI for PBRA Units | $33,500 / year | $38,300 / year | $43,100 / year | $47,850 / year |
| 60% AMI for LIHTC Units | $40,200 / year | $45,960 / year | $51,720 / year | $57,420 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Reserve at Mayfield have a waiting list?
Reserve at Mayfield 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 Reserve at Mayfield?
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 Reserve at Mayfield?
Reserve at Mayfield is managed by Pivotal (formally MVAH Partners) headquartered in West Chester, OH.
In addition to Reserve at Mayfield, how many other affordable housing properties (and units) are there in Arlington?
In addition to Reserve at Mayfield, we list 99 other affordable properties in Arlington. Learn about these properties here. Our data research shows that there are a total of 4632 affordable units in Arlington.
When was the Reserve at Mayfield listing last updated?
Reserve at Mayfield listing on Affordable Housing Online was last updated on 04/05/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
2008 Oakwood Ct, Arlington, Texas 76012
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