SOCO 121, located at 121 Woodward Street in Austin, has one and two bedroom apartments. SOCO 121 participates in the Low-Income Housing Tax Credit (LIHTC) program.
|One Bedroom (1/1)||400||$844|
|Two Bedroom (2/1)||800||$1,006|
Finding an apartment home in Austin, Texas has never been easier. Be one of the residents to call the community of SOCO 121 home here at our beautiful apartment community. SOCO 121 caters to a lifestyle of relaxation and comfortable, spacious living. Our residents appreciate being close to a wide selection of restaurants, shops, and schools.
Our goal at SOCO 121 is to make our residents smile and it's easy to do so because our community features one and two bedroom floor plans that are designed with your comfort and convenience in mind. SOCO 121 offers amenities that are second to none. Our apartment homes come with ceiling fans, all electric kitchens, refrigerator, pantry, tile and carpeted floors, mini and vertical blinds, central air conditioning and heating, some utilities paid, and more.
Take advantage of all the community amenities and services we offer at SOCO 121. Access to public transportation, disability access, easy access to freeways and shopping, laundry facility, part time courtesy patrol, pet waste station, as well as on-call and on-site maintenance. We also welcome Section 8 and Section 42. We love pets and we know you do too, so bring your furry friend along with you to your new home. Call and schedule a tour of our community and see why SOCO 121 is the picture-perfect place to call home.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Austin but actual income limits may differ for units at SOCO 121.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$33,150||$37,850||$42,600||$47,300||$51,100||$54,900||$58,700||$62,450|
|Low Income (60%)||$39,780||$45,420||$51,120||$56,760||$61,320||$65,880||$70,440||$74,940|
SOCO 121 was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.
SOCO 121 is managed by UAH Property Management, L.P..