Mariposa at Elk Drive

155 Elk Dr,, Burleson, TX 78666

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Ric Gresia, Joshua Cappell
Rent Beds Baths SqFt
Call for Rents Floorplan Info Upon Request - -
check_circle  Near Elderly (55+)
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

Waitlist Forecast

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.

Enjoy time with other 55+ active senior adult friends by the fireplace in the outdoor pavilion, or jump into a game of Pinochle with neighbors in the card and billiards room. The resort style pool is a perfect place to read a book with toes in the pool or challenge yourself with mid-morning water aerobics. A road to a better you can start in the contemporary fitness center or take a stroll with your pup to the fully equipped pet park. Enjoy fellowship and daily activities in the great room or savor quiet moments in the library, planting garden, theatre, or beauty salon.

Dave's Thoughts On Mariposa at Elk Drive

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 Mariposa at Elk Drive 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Mariposa at Elk Drive

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
50% AMI for LIHTC Units $33,500 / year $38,300 / year $43,100 / year $47,850 / year $51,700 / year $55,550 / year $59,350 / year $63,200 / year
50% AMI for PBRA Units $33,500 / year $38,300 / year $43,100 / year $47,850 / year $51,700 / year $55,550 / year $59,350 / year $63,200 / year
60% AMI for LIHTC Units $40,200 / year $45,960 / year $51,720 / year $57,420 / year $62,040 / year $66,660 / year $71,220 / year $75,840 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Mariposa at Elk Drive

Does Mariposa at Elk Drive have a waiting list?

Mariposa at Elk Drive 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 Mariposa at Elk Drive?

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.

In addition to Mariposa at Elk Drive, how many other affordable housing properties (and units) are there in Burleson?

In addition to Mariposa at Elk Drive, we list 83 other affordable properties in Burleson. Learn about these properties here. Our data research shows that there are a total of 523 affordable units in Burleson.

Listings Near Mariposa at Elk Drive

Crestmoor Park West

321 SW Thomas Street, Burleson, Texas 76028

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Crestmoor Park South

514 SE Gardens, Burleson, Texas 76028

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Thomas Square

551 SW Thomas St , Burleson, Texas 76028

bed Studio-1
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
elderly Senior
accessibility Accessible

The Residence at Alsbury

749 Ridgehill Drive, Burleson, Texas 76028

bed 1-2
payment $876-1450/mo.
switch_access_shortcut Short Wait

Arbors Of Burleson

355 NW Hillery St, Burleson, Texas 76028

bed 1-2
payment $1165-1375/mo.

Vercanta at Burleson

285 SE John Jones Dr, Burleson, Texas 76028

bed 1
payment $1255/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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