4509 E Saint Elmo Rd, Austin, TX 78744
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey, Company Admin, Nathan Brunet| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,221 - 1,410 per Month† | 2 - 3 Beds | 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.
Franklin Park is undergoing a wonderful refresh that includes both in-home and community upgrades that are designed to not only make your life easier but to also create a community that residents are proud to call home! Conveniently located near the heart of Austin, TX, Franklin Park offers numerous dining, shopping, and entertainment options right outside of your front door. The surrounding neighborhood is sure to offer you a relaxing environment and a multitude of culturally enriching experiences, making Franklin Park the ideal place to call home! Offering a variety of spacious 2, 3 & 4 bedroom apartment homes, we’re the expert at combining quality and comfort.
Their residents get to enjoy a wide variety of spectacular amenities that provide them with a truly extraordinary living experience. Whether you plan to hunker down in their on-site business center or relax in the comfort of their community clubhouse, they have made certain that there is something for everyone. It is their pleasure to provide the everyday comforts and benefits that allow their residents to turn their apartments into their homes. So look no further, your new home is waiting for you at Franklin Park.
NOTE: Management & Leasing Office Open Wednesday - By Appointment Only.
Call (512) 646-6091 today!
*Franklin Park participates in an affordable housing program. Household income & student status limitations apply. Please call for more details.
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 Franklin Park 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 |
|---|---|---|
| Two Bedroom (2/2) | 950-1300ft2 | $1,221† |
| Three Bedroom (3/2) | 1100ft2 | $1,410† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 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 |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Franklin Park have a waiting list?
Franklin Park 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 Franklin Park?
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 Franklin Park?
Franklin Park is managed by Dominium headquartered in Plymouth, MN.
In addition to Franklin Park, how many other affordable housing properties (and units) are there in Austin?
In addition to Franklin Park, 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 Franklin Park listing last updated?
Franklin Park listing on Affordable Housing Online was last updated on 11/04/2024 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
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Gina Pocan says:
"Thank you, Affordable Housing Online, for being there for some of the most vulnerable people."