1500 East Parmer Lane, Austin, TX 78753
Waiting List Forecast: Likely Short or None
Verified for 2019 by Connor Bailey, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,199 - 1,661 per Month† | 1 - 3 Beds | 1 - 2 Baths | 723 - 1,231 Sq Ft |
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.
Step inside Heights on Parmer Apartment Homes and you'll be greeted by new modern affordable design. All spacious 1, 2 and 3 bedrooms apartment homes feature modern black appliances, lush carpeting, laminate flooring, soothing paint colors and a right-at-home atmosphere. Lounge by the private community pool, enjoy free use of the fitness center or catch up on projects from home at the large business center. A private patio or balcony, washer and dryer connections and spacious closets are just a few more of the reasons that Heights on Parmer Apartment Homes is perfect for you!
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 Heights on Parmer Apartment Homes 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 723ft2 | $1,199† |
| Two Bedroom (2/2) | 995ft2 | $1,440† |
| Three Bedroom (3/2) | 1231ft2 | $1,661† |
| 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 Heights on Parmer Apartment Homes have a waiting list?
Heights on Parmer Apartment Homes 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 Heights on Parmer Apartment Homes?
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 Heights on Parmer Apartment Homes?
Heights on Parmer Apartment Homes is managed by Pedcor Management headquartered in Carmel, Indiana.
In addition to Heights on Parmer Apartment Homes, how many other affordable housing properties (and units) are there in Austin?
In addition to Heights on Parmer Apartment Homes, 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.
2112 East William Cannon Drive, Austin, Texas 78744
6934 East Ben White Boulevard, Austin, Texas 78741
12435 Dessau Rd, Austin, Texas 78754
13635 Rutledge Spur, Austin, Texas 78717
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