6118 Fairway St, 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, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 4 Beds | 1 - 2 Baths | 647 - 1,164 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.
The newly renovated Riverside Townhomes offer exceptional affordable housing in the Montopolis area of Austin, Texas. This welcoming urban-suburban community is just minutes from the vibrant Historic Downtown area where you will find everything you need from shopping to restaurants and schools to recreation areas. Renters with children are drawn to the area thanks to the many schools rated from A+ to B. In addition, the many parks provide plenty of green space ideal for everyone.
Outstanding amenities and well-designed townhomes make this the ultimate place to call home. Riverside Townhomes offer 1- to 4-bedroom amazing floor plans to choose from. Designer features such as contemporary vinyl plank floors, a ceiling fan in the dining room, and an all-electric kitchen with microwave and dishwasher are in every home. Life here is easier with the comfort and convenience of our cable ready townhomes with carpeted stairs and all utilities included.
Plenty of guest parking makes it easy to welcome family and friends to your new home. Every detail was considered to provide an enjoyable lifestyle including a state-of-the-art fitness center, community clubhouse, and business center with copy and fax services. This community is constantly striving for ways to make your life happier with plans to add a large play area, laundry facilities, and Wi-Fi access throughout the property.
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 Riverside Townhomes 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) | 647ft2 | Call for Price† |
| Two Bedroom (2/1) | 789ft2 | Call for Price† |
| Three Bedroom (3/1.5) | 1022ft2 | Call for Price† |
| Four Bedroom (4/2) | 1164ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $24,550 / year | $28,050 / year | $31,550 / year | $35,050 / year | $37,900 / year | $40,700 / year | $45,420 / year | $50,560 / year |
| 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 |
| 80% AMI for PBRA Units | $65,450 / year | $74,800 / year | $84,150 / year | $93,450 / year | $100,950 / year | $108,450 / year | $115,900 / year | $123,400 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Riverside Townhomes have a waiting list?
Riverside Townhomes 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 Riverside Townhomes?
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 Riverside Townhomes?
Riverside Townhomes is managed by Related Companies headquartered in Irvine, California.
In addition to Riverside Townhomes, how many other affordable housing properties (and units) are there in Austin?
In addition to Riverside Townhomes, 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 Riverside Townhomes listing last updated?
Riverside Townhomes 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.
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