Cascade at Onion Creek

2701 Sebring Circ., Austin, TX 78747

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Connor Bailey

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 3 Beds	1 - 2 Baths	-

This property is currently under construction.

Featuring brand-new 1-, 2-, and 3-bedroom apartments in an unbeatable location off I-35, Cascades at Onion Creek combines urban convenience with the serenity of South Austin living. Here, each expansive floor plan offers all the features you need to feel at home, from stylish kitchens with stainless-steel appliances and spacious islands to spa-inspired garden tubs. As a resident of this luxury community, you’ll also enjoy access to a sparkling swimming pool, a state-of-the-art fitness center and other resort-inspired amenities.

Dave's Thoughts On Cascade at Onion Creek

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 Cascade at Onion Creek 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes.

~ Dave Layfield, Founder of Affordable Housing Online

Cascade at Onion Creek Amenities

Fitness Center
Ceiling Fan(s)
Washer and Dryer Hookup
Walking Trails
Private Patios
Stainless Steel Appliances
Game Room
Swimming pool
Dog Park

Units at Cascade at Onion Creek

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price^†
Two Bedroom (2/2)	-	Call for Price^†
Three Bedroom (3/2)	-	Call for Price^†

Income Qualification for Cascade at Onion Creek

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people
30% AMI for PBRA Units	$24,550 / year	$28,050 / year	$31,550 / year	$35,050 / year	$37,900 / year	$40,700 / year
50% AMI for LIHTC Units	$40,900 / year	$46,750 / year	$52,600 / year	$58,400 / year	$63,100 / year	$67,750 / year
50% AMI for PBRA Units	$40,900 / year	$46,750 / year	$52,600 / year	$58,400 / year	$63,100 / year	$67,750 / year
60% AMI for LIHTC Units	$49,080 / year	$56,100 / year	$63,120 / year	$70,080 / year	$75,720 / year	$81,300 / year
80% AMI for PBRA Units	$65,450 / year	$74,800 / year	$84,150 / year	$93,450 / year	$100,950 / year	$108,450 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Cascade at Onion Creek

Does Cascade at Onion Creek have a waiting list?

Cascade at Onion Creek 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 Cascade at Onion Creek?

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 Cascade at Onion Creek?

Cascade at Onion Creek is managed by Greystar headquartered in West Jordan, Utah.

In addition to Cascade at Onion Creek, how many other affordable housing properties (and units) are there in Austin?

In addition to Cascade at Onion Creek, 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 Cascade at Onion Creek listing last updated?

Cascade at Onion Creek listing on Affordable Housing Online was last updated on 02/08/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.