289 Springs Ln, Dripping Springs, TX 78620
Waiting List Forecast: Likely Short or None
Verified for 2024 by Company Admin, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
Discover your new home at The Springs! LIMITED TIME OFFER: Lease today and receive up to 2 MONTHS FREE! *Some restrictions apply.
Conveniently located 10 minutes from the heart of downtown Dripping Springs, our community offers numerous dining, shopping, and entertainment options right outside of your front door. Offering a variety of spacious 1, 2, & 3 bedroom apartment homes, we are the expert at combining quality and comfort, making The Springs an ideal place to call home.
Every feature is designed with you in mind, from the refreshing outdoor swimming pool and playground area to the on-site fitness center and the community clubhouse, we have made certain there is something for everyone. It is our pleasure to provide the everyday comforts and benefits that allow our residents to turn their apartments truly into homes. Look no further, your new home is waiting for you at The Springs today!
Call (512) 646-6098 today!
*The Springs participates in an affordable housing program. Household income & student status limitations apply. We accept housing vouchers from all local housing authorities. Please call for more details.
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 The Springs Apartments 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.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $40,900 / year | $46,750 / year | $52,600 / year | $58,400 / year | $63,100 / year | $67,750 / year | $72,450 / year | $77,100 / year |
| 50% AMI for PBRA Units | $40,900 / year | $46,750 / year | $52,600 / year | $58,400 / year | $63,100 / year | $67,750 / year | $72,450 / year | $77,100 / year |
| 60% AMI for LIHTC Units | $49,080 / year | $56,100 / year | $63,120 / year | $70,080 / year | $75,720 / year | $81,300 / year | $86,940 / year | $92,520 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Springs Apartments have a waiting list?
The Springs Apartments 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 The Springs Apartments?
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 The Springs Apartments?
The Springs Apartments is managed by Dominium headquartered in Plymouth, MN.
In addition to The Springs Apartments, how many other affordable housing properties (and units) are there in Dripping Springs?
In addition to The Springs Apartments, we list 3 other affordable properties in Dripping Springs. Learn about these properties here. Our data research shows that there are a total of 242 affordable units in Dripping Springs.
When was the The Springs Apartments listing last updated?
The Springs Apartments listing on Affordable Housing Online was last updated on 03/22/2024 by Company Admin. Remember, a property's status can change so you should contact the property to confirm.
Prepare to pay a fee to apply for units that accept Section 8 vouchers.
While there is no charge for Section 8 applications, a private landlord may charge a fee to apply for an available unit.Karen Grim says:
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