201 Fran Way, Dallas, TX 75203
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $899 - 1,107 per Month† | 1 - 2 Beds | 1 Bath | 728 - 991 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.
Sphinx at FIJI Seniors is an affordable housing community and it is the first phase of a four-phase project. Future phases include retail with lofts above, for-sale townhomes and high-density multi-family residences. The project is located across the street from a light rail transit station and four miles from the central business district which is a benefit to residents, especially the seniors. Amenities for the senior project include a theater room, business center, arts & crafts room, fitness center, dining room with a warming kitchen and a sun porch to be used exclusively by the senior residents.
Holding skyline views and proximity to one of Dallas’ most popular historical districts, Fiji Senior Villas is a coveted senior 55+ affordable housing community. Fiji Senior Villas is conveniently located within one block of two major DART Rail stations and five minutes from the bustling beauty of Downtown Dallas. This gated community serves adults 55 and over and offers a hotel-esque escape from the bustling city.
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 Sphinx at Fiji Senior Villas 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 |
|---|---|---|
| 1 Bedroom (1/1) | 728ft2 | $899 $927† |
| 1 Bedroom-HC (1/1) | 728ft2 | $927† |
| 1 Bedroom- HV (1/1) | 728ft2 | $927† |
| 1 Bedroom (1/1) | 738ft2 | $927† |
| 1 Bedroom (1/1) | 746ft2 | $927† |
| 2 Bedroom-HC (2/1) | 971ft2 | $1,071 $1,107† |
| 2 Bedroom (2/1) | 971ft2 | $1,107† |
| 2 Bedroom-HV (2/1) | 971ft2 | $1,107† |
| 2 Bedroom (2/1) | 991ft2 | $1,107† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $36,100 / year | $41,250 / year | $46,400 / year | $51,550 / year |
| 50% AMI for PBRA Units | $36,100 / year | $41,250 / year | $46,400 / year | $51,550 / year |
| 60% AMI for LIHTC Units | $43,320 / year | $49,500 / year | $55,680 / year | $61,860 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Sphinx at Fiji Senior Villas have a waiting list?
Sphinx at Fiji Senior Villas 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 Sphinx at Fiji Senior Villas?
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 Sphinx at Fiji Senior Villas?
Sphinx at Fiji Senior Villas is managed by Spectrum Realty Group headquartered in McKinney, TX.
In addition to Sphinx at Fiji Senior Villas, how many other affordable housing properties (and units) are there in Dallas?
In addition to Sphinx at Fiji Senior Villas, we list 217 other affordable properties in Dallas. Learn about these properties here. Our data research shows that there are a total of 34917 affordable units in Dallas.
When was the Sphinx at Fiji Senior Villas listing last updated?
Sphinx at Fiji Senior Villas listing on Affordable Housing Online was last updated on 01/03/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
3119 Easter Ave, Dallas, Texas 75216
2836 E Overton Rd, Dallas, Texas 75216
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Douglas Cook says:
"Affordable Housing Online is a good resource to keep you updated."
