54 S. Price Rd., Brownsville, TX 78521
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 754 - 1,340 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. 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.
Looking for an inviting and cozy up-and-coming community in Brownsville, Texas? Well, your search is over! The pet-friendly community of Price Lofts will be a welcome addition to the city. This location is convenient for those busy bees and the calm cucumbers with close proximity to plenty of delicious restaurants, eclectic shops, and exciting entertainment attractions.
With spacious 1-, 2-, and 3-bedroom lofts for rent, you’ll easily be able to find the home that speaks to you. You won’t go wrong as each abode features high, 9ft ceilings, an all-electric kitchen with a microwave, refrigerator, and pantry, as well as an in-home washer and dryer. Your pets are welcomed with open arms as well.
These lofts won’t be the only thing to brag about. Worries can become a thing of the past as Price Lofts includes assigned and guest parking, a business center, and on-call and on-site maintenance. There is also a state-of-the-art fitness center for you to work up a sweat in and a clubhouse for you to wind down in.
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. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Price Lofts does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, 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 have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 754ft2 | Call for Price† |
| Two Bedroom (2/1) | 1020ft2 | Call for Price† |
| Three Bedroom (3/2) | 1340ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year | $38,950 / year | $41,850 / year |
| 50% AMI for PBRA Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year | $38,950 / year | $41,850 / year |
| 60% AMI for LIHTC Units | $30,300 / year | $34,620 / year | $38,940 / year | $43,260 / year | $46,740 / year | $50,220 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Price Lofts have a waiting list?
Price Lofts probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Price Lofts?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Price Lofts?
Price Lofts is managed by Mayfair Management Group headquartered in Boca Raton, FL.
In addition to Price Lofts, how many other affordable housing properties (and units) are there in Brownsville?
In addition to Price Lofts, we list 39 other affordable properties in Brownsville. Learn about these properties here. Our data research shows that there are a total of 3665 affordable units in Brownsville.
When was the Price Lofts listing last updated?
Price Lofts listing on Affordable Housing Online was last updated on 03/29/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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