DeWetter Homes

560 Lisbon, El Paso, Texas 79905

DeWetter Homes is a low-income housing community centrally located in El Paso, Texas, with two, three, four, and five-bedroom homes. This cozy, private community features a great location central to public transportation, parks, and the El Paso Zoo. Each home comes with ceilings fans, window coverings, and a fully equipped kitchen. 

DeWetter Homes Details

  • 133 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Rental Assistance Demonstration (RAD)
  • Section 8 Project-Based Rental Assistance

Property Amenities

  • Community Room

Unit Amenities

  • Full-Size Washer & Dryer Connections

Nearby Amenities

  • Close to Public Transportation

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.

Rental Assistance Demonstration (RAD)

Since this property is subsidized in part through the Rental Assistance Demonstration (RAD), some apartments may have Section 8 Project-Based Rental Assistance (PBRA) or Section 8 Project-Based Vouchers (PBV). With either type of subsidy, tenant rent payments are 30% of their adjusted monthly income. Households earning less than 80% of the area median income may qualify for PBRA or PBV reduced rents. Some of these subsidized apartments may be reserved for extremely low-income households earning less than 30% of the area median income. If the apartment has a PBV, the tenant may qualify for a Section 8 Housing Choice Voucher (HCV) after living there at least one year. Some rental units in this property may not have PBRA or PBV subsidies and therefore may have higher rents.

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. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

DeWetter Homes is managed by EVOLVE Property Management .

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