2301 S Lamar Blvd, Austin, TX 78704
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $490 - 1,378 per Month† | Studio Bed | 1 Bath | 386 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.
Bluebonnet Studios, a vibrant and modern residence, is located in the trendy South Lamar neighborhood. The community includes 107 efficiency studio apartments close to public transportation and with easy access to retail and entertainment.
Because Bluebonnet Studios 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. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 386ft2 | $490 $1,378† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $40,900 / year | $46,750 / year | $52,600 / year | $58,400 / year | $63,100 / year | $67,750 / year | $72,450 / year | $77,100 / year |
| 50% AMI for PBRA Units | $40,900 / year | $46,750 / year | $52,600 / year | $58,400 / year | $63,100 / year | $67,750 / year | $72,450 / year | $77,100 / year |
| 60% AMI for LIHTC Units | $49,080 / year | $56,100 / year | $63,120 / year | $70,080 / year | $75,720 / year | $81,300 / year | $86,940 / year | $92,520 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Bluebonnet Studios have a waiting list?
Bluebonnet Studios 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 Bluebonnet Studios?
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 Bluebonnet Studios?
Bluebonnet Studios is managed by Foundation Communities headquartered in Austin, Texas.
In addition to Bluebonnet Studios, how many other affordable housing properties (and units) are there in Austin?
In addition to Bluebonnet Studios, we list 207 other affordable properties in Austin. Learn about these properties here. Our data research shows that there are a total of 28587 affordable units in Austin.
When was the Bluebonnet Studios listing last updated?
Bluebonnet Studios listing on Affordable Housing Online was last updated on 11/10/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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