5501 Overton Ridge Blvd, Fort Worth, TX 76132
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2019 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 635 - 1,149 Sq Ft |
Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.
Overton Park Townhomes are located in Ft. Worth, just southwest of the Hulen mall area. Our residents are minutes from shopping, entertainment and Fort Worth's renowned cultural district. There is Public Transportation available within walking distance.
We offer one, two and three bedroom townhomes. All of our townhomes have fully equipped kitchens, with pantries and built in microwaves, ceiling fans, built in book shelves, living/dining areas, custom crown molding, spacious closets, individually controlled heating and cooling systems. The property is enclosed and has a limited access gate. Other amenities at Overton Park include a swimming pool, hot tub, full size washer/dryer connections, two playgrounds, landscaped courtyard and an attentive staff. There is 24 hour emergency maintenance available at all times. Our FREE after school program offer numerous activities such as arts & crafts, snacks, games and help with school work.
We are professionally managed by Pace Realty Corporation. Our friendly staff is waiting to meet you!
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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the RAD Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Overton Park Townhomes has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a RAD Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom One Bath A1 (1/1) | 635ft2 | Call for Price† |
| One Bedroom One Bath A2 (1/1) | 692ft2 | Call for Price† |
| One Bedroom One Bath A2H (1/1) | 692ft2 | Call for Price† |
| Two Bed Two Bath B1 (2/2) | 904ft2 | Call for Price† |
| Two Bedroom Two Bath B2 (2/2) | 954ft2 | Call for Price† |
| Three Bedroom Two Bath C1 (3/2) | 1149ft2 | Call for Price† |
| Three Bedroom Two Bath C1 (3/2) | 1149ft2 | Call for Price† |
| Three Bedroom Two Bath C2H (3/2) | 1149ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $21,700 / year | $24,800 / year | $27,900 / year | $30,950 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $36,100 / year | $41,250 / year | $46,400 / year | $51,550 / year | $55,700 / year | $59,800 / year |
| 50% AMI for PBRA Units | $36,100 / year | $41,250 / year | $46,400 / year | $51,550 / year | $55,700 / year | $59,800 / year |
| 60% AMI for LIHTC Units | $43,320 / year | $49,500 / year | $55,680 / year | $61,860 / year | $66,840 / year | $71,760 / year |
| 80% AMI for PBRA Units | $57,750 / year | $66,000 / year | $74,250 / year | $82,500 / year | $89,100 / year | $95,700 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Overton Park Townhomes have a waiting list?
Overton Park Townhomes probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Overton Park Townhomes?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
In addition to Overton Park Townhomes, how many other affordable housing properties (and units) are there in Fort Worth?
In addition to Overton Park Townhomes, we list 137 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.
Wait until you have a Section 8 voucher to find housing.
It usually takes months or years to reach the top of a Section 8 HCV waiting list. Any apartments you see now will likely not be available when you get your voucher.Karan King says:
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