227 Buchanan Rd., Decatur, TX 76234
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $421 - 1,150 per Month† | 1 - 2 Beds | 1 - 2 Baths | 750 - 1,000 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.
Premium senior apartment home living has arrived in northwest Texas. Legacy Trails of Decatur sets a new standard, reflecting a passion for simplicity and elegance. These brand new apartment homes for mature adults 55 and better are situated near many local highways, making your commute around the area simple and enjoyable. With easy access to an abundance of excellent restaurants, shopping establishments, fun entertainment, and outdoor recreation, their location is close to everywhere you want to be in Decatur, TX.
You have five exceptional floor plans to choose from, each designed with the apartment amenities that you deserve. Standard features in these apartments include a balcony or patio, carpeted floors, and central air and heating. Quality and comfort include spacious walk-in closets, a washer and dryer in the home, and plenty of extra storage. There is something for everyone at Legacy Trails of Decatur, including your pets, so you can bring the whole family!
From the moment you arrive, you’ll feel like you’ve come home. This community amenities promise to be the best in the industry, offering a unique style that is sure to please. You can take advantage of the on-site business center, modern clubhouse, and beautifully landscaped grounds. The management team is dedicated to providing prompt and excellent service when you need it.
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 Legacy Trails of Decatur 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) | 750ft2 | $421 $1,000† |
| Two Bedroom (2/2) | 1000ft2 | $496 $1,150† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $30,800 / year | $35,200 / year | $39,600 / year | $44,000 / year |
| 50% AMI for PBRA Units | $30,800 / year | $35,200 / year | $39,600 / year | $44,000 / year |
| 60% AMI for LIHTC Units | $36,960 / year | $42,240 / year | $47,520 / year | $52,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Legacy Trails of Decatur have a waiting list?
Legacy Trails of Decatur 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 Legacy Trails of Decatur?
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 Legacy Trails of Decatur?
Legacy Trails of Decatur is managed by Mayfair Management Group headquartered in Boca Raton, FL.
In addition to Legacy Trails of Decatur, how many other affordable housing properties (and units) are there in Decatur?
In addition to Legacy Trails of Decatur, we list 4 other affordable properties in Decatur. Learn about these properties here. Our data research shows that there are a total of 228 affordable units in Decatur.
When was the Legacy Trails of Decatur listing last updated?
Legacy Trails of Decatur listing on Affordable Housing Online was last updated on 12/05/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
1500 S State St, Decatur, Texas 76234
1906 S College Ave, Decatur, Texas 76234
More people usually means more waiting lists.
Areas with the highest populations tend to have the most amount of waiting list opportunities.Patti Lynn Druin says:
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