1934 Rutland Dr, Austin, TX 78758
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio Bed | 1 Bath | - |
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.
Espero at Rutland offers studio apartment homes for those who are experiencing homelessness. Each unit comes furnished with a queen bed and nightstand, couch, end table, coffee table, media console, arm chair, and square dining table with 2 chairs. Other unit amenities include energy star appliances (fridge with ice maker, stove/oven range, microwave, & dishwasher), quartz countertops, a stainless steel kitchen sink, ceiling fan, and energy efficient HVAC. ADA units available. Property amenities include a community room with kitchenette, business center with computers & private work booths, fitness room, on-site laundry facility, outdoor courtyard, and on-site supportive services.
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 Espero at Rutland 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 |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| AMI* | 1 person | 2 people |
|---|---|---|
| 50% AMI for LIHTC Units | $40,900 / year | $46,750 / year |
| 50% AMI for PBRA Units | $40,900 / year | $46,750 / year |
| 60% AMI for LIHTC Units | $49,080 / year | $56,100 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Espero at Rutland have a waiting list?
Espero at Rutland 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 Espero at Rutland?
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 Espero at Rutland?
Espero at Rutland is managed by Asset Living Property Management headquartered in Houston, Texas.
In addition to Espero at Rutland, how many other affordable housing properties (and units) are there in Austin?
In addition to Espero at Rutland, we list 215 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 Espero at Rutland listing last updated?
Espero at Rutland listing on Affordable Housing Online was last updated on 04/02/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Only submit truthful information.
Submitting false information can disqualify the household from assistance, and may land the applicant in legal trouble.Libby Trahan says:
"I knew nothing about Section 8 or other affordable housing options, but Affordable Housing Online is very informative and I have learned about resources that I never knew were available."
