2501 Anken Dr, Austin, TX 78741
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 1.5 Bath | 573 - 1,031 Sq Ft |
Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.
Discover affordable 1-, 2-, and 3-bedroom apartments living in Austin, TX when you become part of the Bella Vista community. Located in the East Riverside-Oltorf neighborhood, these apartments are spacious and modern, all while meeting your budgetary needs. This is a family-friendly community and have apartments that are suitable for singles, couples, or entire families.
There are several unique features and amenities that will help to simplify both your personal and professional lives. The business center makes it possible to take your work home with you when necessary and still be close to the family. There is also a popular community room that’s ideal for spending time with friends and family and get-togethers that aren’t suited for the dimensions of your apartments. The on-site playground is exciting for kids of all ages and outdoor barbecue and picnic areas make it easy to entertain and take advantage of the exceptional Austin weather. To make your life as convenient as possible, there is an on-site laundry facilities and you’ll have access to a Resident Services Coordinator to better meet your needs.
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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Bella Vista has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 573ft2 | Rent is Based On Your Income† |
| Two Bedroom (2/1) | 808ft2 | Rent is Based On Your Income† |
| Three Bedroom (3/1.5) | 1031ft2 | Rent is Based On Your Income† |
| 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.
Does Bella Vista have a waiting list?
Bella Vista probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Bella Vista?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Bella Vista?
Bella Vista is managed by Related Companies headquartered in Irvine, California.
In addition to Bella Vista, how many other affordable housing properties (and units) are there in Austin?
In addition to Bella Vista, we list 214 other affordable properties in Austin. Learn about these properties here. Our data research shows that there are a total of 29866 affordable units in Austin.
When was the Bella Vista listing last updated?
Bella Vista listing on Affordable Housing Online was last updated on 02/22/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Bianca Gonalez says:
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