Park Village Apartments Homes, located at 1400 S Frazier St in Conroe, has two, three and four bedroom apartments. Park Village Apartments Homes participates in the Low-Income Housing Tax Credit (LIHTC) program.
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|3 Bedroom (3/2)||-||Call for Price|
|3 Bedroom (3/3)||-||Call for Price|
|4 Bedroom (4/2)||-||Call for Price|
Park Village is the perfect balance of plenty of space in your home and money left in your wallet. Each home offers an abundance of storage just outside your front door. As a gated community with two playgrounds, on-site daycare, an activity program, and business center, and everything you need is right here. Your new home provides even more convenience with full size washer and dryer connections, at least one en-suite in every home, and an open concept kitchen. Go find out how relaxing life can be in the perfect home at the perfect price.
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.
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 Conroe but actual income limits may differ for units at Park Village Apartments Homes.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$26,750||$30,550||$34,350||$38,150||$41,250||$44,300||$47,350||$50,400|
|Low Income (60%)||$32,100||$36,660||$41,220||$45,780||$49,500||$53,160||$56,820||$60,480|
Park Village Apartments Homes 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.
Park Village Apartments Homes is managed by Greystone Property Management Corporation.