3440 E Rosemeade Pkwy, Carrollton, TX 75007
Waiting List Forecast: Likely Short or None
Verified for 2019 by Connor Bailey, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,087 - 1,488 per Month† | 1 - 3 Beds | 1 - 2 Baths | 555 - 1,056 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.
The Fountains of Rosemeade is in a great location if you love to take advantage of all that Carrollton has to offer. These 1-, 2-, and 3-bedroom apartment homes are just 20 minutes from Historic Downtown but also have plenty of great restaurants, bars, and shopping nearby. Grab a dinner out at Pappadeux Seafood or Norma's Café on a busy night and get your weekly shopping done at Sprout's or Kroeger, which are all just a couple of minutes away. See how easy life will be when you're living at the Fountains of Rosemeade!
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 The Fountains of Rosemeade 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 Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 555ft2 | $1,087† |
| Two Bedroom One Bath (2/1) | 764ft2 | $1,295† |
| Two Bedroom Two Bath (2/2) | 856ft2 | $1,295† |
| Three Bedroom (3/2) | 1056ft2 | $1,488† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $36,100 / year | $41,250 / year | $46,400 / year | $51,550 / year | $55,700 / year | $59,800 / year |
| 50% AMI for PBRA Units | $36,100 / year | $41,250 / year | $46,400 / year | $51,550 / year | $55,700 / year | $59,800 / year |
| 60% AMI for LIHTC Units | $43,320 / year | $49,500 / year | $55,680 / year | $61,860 / year | $66,840 / year | $71,760 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Fountains of Rosemeade have a waiting list?
The Fountains of Rosemeade 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 The Fountains of Rosemeade?
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 The Fountains of Rosemeade?
The Fountains of Rosemeade is managed by Norstar Property Management headquartered in Dallas, Texas.
In addition to The Fountains of Rosemeade, how many other affordable housing properties (and units) are there in Carrollton?
In addition to The Fountains of Rosemeade, we list 32 other affordable properties in Carrollton. Learn about these properties here. Our data research shows that there are a total of 1091 affordable units in Carrollton.
3702 Fairfield Dr, Carrollton, Texas 75007
Need easy access to your important documents?
Create a free online account with cloud services like Google to save important documents needed for housing applications.Kara Qualls says:
"Affordable Housing Online is a great way to receive affordable housing information in all 50 states!"