Peoples El Shaddai Village

2836 E Overton Rd, Dallas, Texas 75216

Peoples El Shaddai Village, located at 2836 E Overton Rd in Dallas, has one, two, three and four bedroom apartments. Peoples El Shaddai Village participates in the Section 8 Project-Based Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

Units

Unit (Bd/Ba)	Ft2	Rent
1 Bedroom (1/1)	-	Income Based
2 Bedroom (2/1)	-	Income Based
3 Bedroom (3/1)	-	Income Based
4 Bedroom (4/1)	-	Income Based

Peoples El Shaddai Village Details

• 100 one, two, three and four bedroom units.
• Project-Based Rental Assistance

About Peoples El Shaddai Village

People's El Shaddai Village is completing renovations to our community and apartment homes. It is located near Highway 45 with close proximity to downtown Dallas, shopping and dining. Our community features a mix of one-, two-, three- and four-bedroom newly renovated apartment homes in a complex with 22, two-story buildings. Our residents enjoy a new, welcoming play area for children and upgraded community room with kitchen. Our professional staff looks forward to providing you with the highest standard of professional property management and are committed to improving the communities where we live and work. It's a great place to call home.

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

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.

Dallas HUD Rental Assistance Income Qualifications

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$17,500	$20,000	$22,500	$25,750	$30,170	$34,590	$39,010	$43,430
50%	$29,100	$33,250	$37,400	$41,550	$44,900	$48,200	$51,550	$54,850
80%	$46,550	$53,200	$59,850	$66,500	$71,850	$77,150	$82,500	$87,800

Dallas Low Income Housing Tax Credit Income Qualifications

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50%	$29,100	$33,250	$37,400	$41,550	$44,900	$48,200	$51,550	$54,850
60%	$34,920	$39,900	$44,880	$49,860	$53,880	$57,840	$61,860	$65,820

These general income qualifications for Dallas, Texas should only be used as a basic guide. To find out if you qualify, contact the community directly.

Peoples El Shaddai Village was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Peoples El Shaddai Village has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

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.

Peoples El Shaddai Village is managed by Monroe Group Ltd..