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Katy Creek Retirement Village

401 Bicentennial, Bonham, Texas 75418

Katy Creek Retirement Village is a beautiful, peaceful senior community for you or your family member to call home. Serving independent senior residents age 62 or older. Regular events are held in othe spacious community center, and a community library is there for all to share. Rental Assistance is available for those who qualify, and this could result in up to 100% of rent being covered. Section 8 vouchers are accepted, as this community is a recognized partner of the Texoma Council of Governments. Please contact our site manager for more information. This institution is an equal opportunity provider and employer.

Contact Katy Creek Retirement Village

Message Katy Creek Retirement Village

Katy Creek Retirement Village is accepting applications and does not have a waiting list.

Last updated on November 7th, 2017
Katy Creek Retirement Village is accepting applications and does not have a waiting list.

Last updated on November 7th, 2017

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 639 Call for Price
Two Bedroom (2/1) 800 Call for Price

Katy Creek Retirement Village Details

  • 40 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Katy Creek Retirement Village is managed by Integra-Peak.

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