2601 Avenue J, Fort Worth, TX 76105
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 694 - 1,140 Sq Ft |
This property is currently under construction.
Avenue at Sycamore Park is a planned affordable apartment complex that was recently funded. When completed, the complex will have one, two, and three bedroom units.
Enjoy the optimal experience in comfortable apartment living at Avenue at Sycamore Park, where great service and convenience meet affordability to accommodate your modern life. This newly built affordable apartment community offers 1-, 2-, and 3-bedroom units.
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 Avenue at Sycamore Park 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections. 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 694ft2 | Call for Price† |
| Two Bedroom (2/2) | 970ft2 | Call for Price† |
| Three Bedroom (3/2) | 1140ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $20,100 / year | $23,000 / year | $25,850 / year | $30,000 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $33,500 / year | $38,300 / year | $43,100 / year | $47,850 / year | $51,700 / year | $55,550 / year |
| 50% AMI for PBRA Units | $33,500 / year | $38,300 / year | $43,100 / year | $47,850 / year | $51,700 / year | $55,550 / year |
| 60% AMI for LIHTC Units | $40,200 / year | $45,960 / year | $51,720 / year | $57,420 / year | $62,040 / year | $66,660 / year |
| 80% AMI for PBRA Units | $53,600 / year | $61,250 / year | $68,900 / year | $76,550 / year | $82,700 / year | $88,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Avenue at Sycamore Park have a waiting list?
Avenue at Sycamore Park 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 Avenue at Sycamore Park?
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 Avenue at Sycamore Park?
Avenue at Sycamore Park is managed by Inter-Faith Group (IFG) headquartered in Houston , TX.
In addition to Avenue at Sycamore Park, how many other affordable housing properties (and units) are there in Fort Worth?
In addition to Avenue at Sycamore Park, we list 291 other affordable properties in Fort Worth. Learn about these properties here. Our data research shows that there are a total of 18101 affordable units in Fort Worth.
When was the Avenue at Sycamore Park listing last updated?
Avenue at Sycamore Park listing on Affordable Housing Online was last updated on 01/31/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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Stay in contact with the housing agency after applying.
While on a waiting list, always keep your information up to date. If you get selected for housing, the agency needs to know how to reach you!Dawn Cournoyer says:
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