Red River Apartments

2704 W Main St, Clarksville, Texas 75426

Red River Apartments, located at 2704 W Main St in Clarksville, has one bedroom apartments. Red River Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Message Red River Apartments

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price

Red River Apartments Details

  • 24 one bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Playground
  • Laundry Room
  • Wheel Chair Accessible

Unit Amenities

  • Central Air
  • Refrigerator
  • Private Porch

Nearby Amenities

  • Near Hospital
  • Near Schools
  • Near Highway or Interstate
  • Near Restaurants

About Red River Apartments

Clarksville is a small quiet community in beautiful Northeast Texas, only about two hours from the delights and opportunities of Dallas and only a short drive from Paris.  Red River Apartments has 24 family units and offers you a wonderful and peaceful lifestyle with easy access to shopping, restaurants, and your other personal needs.

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.

Clarksville Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Clarksville but actual income limits may differ for units at Red River Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $20,550 $23,500 $26,450 $29,350 $31,700 $34,050 $36,400 $38,750
Low Income (60%) $24,660 $28,200 $31,740 $35,220 $38,040 $40,860 $43,680 $46,500

Red River Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Red River Apartments is managed by Hamilton Properties Corporation.

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