~7003 Ross Rd., Austin, TX 78617
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 4 Beds | 1 - 2 Baths | - |
This property is currently under construction.
Out of all the places to live in Del Valle, Texas, Cypress Creek at Stoney Ridge will find its way to the top of your list. This is so much more than any ordinary apartment community. Lease a brand new 1-, 2-, or 3-bedroom residence here and be surrounded by a stylish home, appealing amenities, and an incredible neighborhood.
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 Cypress Creek at Stoney Ridge 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) | 608-792ft2 | Call for Price† |
| Two Bedroom (2/2) | 1008-1161ft2 | Call for Price† |
| Three Bedroom (3/2) | 1294ft2 | Call for Price† |
| Four Bedroom (4/2) | 1450ft2 | Call for Price† |
| 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 Cypress Creek at Stoney Ridge have a waiting list?
Cypress Creek at Stoney Ridge 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 Cypress Creek at Stoney Ridge?
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 Cypress Creek at Stoney Ridge?
Cypress Creek at Stoney Ridge is managed by Bonner Carrington headquartered in Austin, Texas.
In addition to Cypress Creek at Stoney Ridge, how many other affordable housing properties (and units) are there in Austin?
In addition to Cypress Creek at Stoney Ridge, 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 Cypress Creek at Stoney Ridge listing last updated?
Cypress Creek at Stoney Ridge listing on Affordable Housing Online was last updated on 04/04/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
2112 East William Cannon Drive, Austin, Texas 78744
6934 East Ben White Boulevard, Austin, Texas 78741
1500 East Parmer Lane, Austin, Texas 78753
12435 Dessau Rd, Austin, Texas 78754
Affordable housing is for both families and individuals.
There is no requirement to have family members or children to live in affordable housing. Single persons are eligible for housing.Linda Vallare Johnson says:
"Affordable Housing Online is an awesome tool in locating affordable housing."