5302 Mcardle Rd., Corpus Christi, TX 78411
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 768 - 1,192 Sq Ft |
This property is currently under construction.
Village at McArdle is an 82 unit, multifamily apartment home community located across from La Palmera Shopping Center, eateries, entertainment, and near Southside Transit Station. Within walking distance to Mt. Vernon, Lena, and Lions Parks, this apartment community is a quick drive to South Texas Botanical Gardens and Nature Center, Oso Bay Wetlands Preserves, Suter Wildlife Refuge, and the coast and bay area. Village at McArdle is located in Corpus Christi ISD, near both Texas A&M University-Corpus Christi and Del Mar College.
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 Village at Mcardle 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) | 768ft2 | Rent is Based On Your Income† |
| Two Bedroom (2/2) | 985ft2 | Rent is Based On Your Income† |
| Three Bedroom (3/2) | 1192ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $27,100 / year | $31,000 / year | $34,850 / year | $38,700 / year | $41,800 / year | $44,900 / year |
| 50% AMI for PBRA Units | $27,100 / year | $31,000 / year | $34,850 / year | $38,700 / year | $41,800 / year | $44,900 / year |
| 60% AMI for LIHTC Units | $32,520 / year | $37,200 / year | $41,820 / year | $46,440 / year | $50,160 / year | $53,880 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Village at Mcardle have a waiting list?
Village at Mcardle 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 Village at Mcardle?
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 Village at Mcardle?
Village at Mcardle is managed by Prospera Housing Community Services headquartered in San Antonio, Texas.
In addition to Village at Mcardle, how many other affordable housing properties (and units) are there in Corpus Christi?
In addition to Village at Mcardle, we list 137 other affordable properties in Corpus Christi. Learn about these properties here. Our data research shows that there are a total of 6091 affordable units in Corpus Christi.
When was the Village at Mcardle listing last updated?
Village at Mcardle listing on Affordable Housing Online was last updated on 02/02/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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