Terrace at Oak Spring

3000 Oak Springs Drive, Austin, Texas 78702

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Terrace at Oak Spring Details

  • 50 units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Computer Lab
  • Community Room

About Terrace at Oak Spring

Modeled on other successful Housing First programs across the country,  Integral Care’s Terrace at Oak Springs is the first of its kind in Travis County. Construction started in January, 2018 and is expected to open in the Spring of 2019.

Low-Income Housing Tax Credit (LIHTC)

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.

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