701 N Old Temple Rd, Hewitt, TX 76643
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 - 2 Baths | 730 - 1,047 Sq Ft |
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.
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Because The Reserve at Dry Creek participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 730ft2 | Call for Price† |
| Two Bedroom Two Bath (2/2) | 1047ft2 | Call for Price† |
| Two Bedroom One Bath (2/1) | 945ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $25,900 / year | $29,600 / year | $33,300 / year | $37,000 / year |
| 50% AMI for PBRA Units | $25,900 / year | $29,600 / year | $33,300 / year | $37,000 / year |
| 60% AMI for LIHTC Units | $31,080 / year | $35,520 / year | $39,960 / year | $44,400 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Reserve at Dry Creek have a waiting list?
The Reserve at Dry Creek 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 Reserve at Dry Creek?
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 Reserve at Dry Creek?
The Reserve at Dry Creek is managed by DMA Companies headquartered in Austin, TX.
In addition to The Reserve at Dry Creek, how many other affordable housing properties (and units) are there in McLennan County?
In addition to The Reserve at Dry Creek, we list 27 other affordable properties in McLennan County. Learn about these properties here. Our data research shows that there are a total of 3420 affordable units in McLennan County.
When was the The Reserve at Dry Creek listing last updated?
The Reserve at Dry Creek listing on Affordable Housing Online was last updated on 11/29/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Only submit truthful information.
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