1124 Avenida Mercado St., Austin, TX 78652
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,216 - 1,876 per Month† | 1 - 4 Beds | 1 - 2 Baths | - |
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.
Looking for luxury, affordable apartments in south Austin? Conveniently located off I-35, Bridge at Estancia offers the relaxed and rewarding lifestyle you’re looking for, combining outstanding design and a host of top-notch amenities. At Bridge at Estancia, you’re a short drive away from Southpark Meadows Shopping Center, Downtown Austin, Lady Bird Lake, The University of Texas at Austin and the vibrant cultural scene of Austin! Coveted location, carefree living, and unmatched amenities all work together to create a lovely private respite. You may never want to leave home.
You’ll find that Bridge at Estancia is a community tailored to your needs, with benefits of proximity and convenience redefined to perfection. Relax, unwind, or simply socialize while enjoying a game from the comfort of our inviting community lounge. Plan a barbeque or social gathering at one of the park-like picnic areas. Work comfortably from home at our accommodating Business Center. And get a workout in – whenever you want – at our convenient 24/7 Fitness Center.
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 Bridge at Estancia 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) | 662ft2 | $1,216† |
| Two Bedroom (2/2) | 924-935ft2 | $1,460† |
| Three Bedroom (3/2) | 1057-1217ft2 | $1,687† |
| Four Bedroom (4/2) | 1256ft2 | $1,876† |
| 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 Bridge at Estancia have a waiting list?
Bridge at Estancia 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 Bridge at Estancia?
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 Bridge at Estancia?
Bridge at Estancia is managed by The NRP Group LLC headquartered in Cleveland , Ohio.
In addition to Bridge at Estancia, how many other affordable housing properties (and units) are there in Austin?
In addition to Bridge at Estancia, we list 533 other affordable properties in Austin. Learn about these properties here. Our data research shows that there are a total of 30022 affordable units in Austin.
When was the Bridge at Estancia listing last updated?
Bridge at Estancia listing on Affordable Housing Online was last updated on 04/09/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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