Villas of Marine Creek, located at 3000 Creekside Dr in Fort Worth, has one and two bedroom apartments. Villas of Marine Creek participates in the Low-Income Housing Tax Credit (LIHTC) program.
|One Bedroom (1/1)||739||From $619 To $820|
|Two Bedroom (2/1)||974||From $870 To $970|
Welcome to Villas of Marine Creek, where comfort, convenience and companionship await you in a beautifully designed community exclusively for independent adults 60 and better. Our unique 148-unit, single-story community, is built to give each of our residences a sense of individuality and spaciousness. Careful attention has been given to the design of each building to meet the needs of our senior citizens. Our friendly and knowledgeable on-site manager and maintenance staff are here to help make your stay an enriching and comfortable experience. Villas of Marine Creek is a community that seniors call home.
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.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Fort Worth but actual income limits may differ for units at Villas of Marine Creek.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$29,100||$33,250||$37,400||$41,550||$44,900||$48,200||$51,550||$54,850|
|Low Income (60%)||$34,920||$39,900||$44,880||$49,860||$53,880||$57,840||$61,860||$65,820|
Villas of Marine Creek was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.
Villas of Marine Creek is managed by Quest Asset Management.