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Brownwood Apartments I

322 Bluffview Dr, Brownwood, Texas 76801

Brownwood Apartments I, located at 322 Bluffview Dr in Brownwood, TX has one and two bedroom apartments. Brownwood Apartments I participates in the HOME Investment Partnerships Program and Low-Income Housing Tax Credit (LIHTC) programs.

Contact Brownwood Apartments I

Message Brownwood Apartments I

Brownwood Apartments I is accepting applications and does not have a waiting list.

Last updated on November 6th, 2017
Brownwood Apartments I is accepting applications and does not have a waiting list.

Last updated on November 6th, 2017

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 620 Call for Price
Two Bedroom (2/1) 826 Call for Price

Brownwood Apartments I Details

  • 50 one and two bedroom units.
  • HOME Investment Partnerships Program
  • Low-Income Housing Tax Credit (LIHTC)

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

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.

Brownwood Apartments I is managed by Integra-Peak.

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