1475 Gears Road, Houston, TX 77067
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $807 - 1,345 per Month† | 1 - 3 Beds | 1 - 2 Baths | 1 - 887 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.
Green Oaks Apartments is a 177-unit, new construction, affordable rental housing community currently being constructed in the City of Houston, Harris County, Texas. This community will contain a mix of one- two- and three-bedroom units for households with an income level at 50% – 60% of the area median income (AMI.) In addition, there will be two units set aside for an on-site property manager and on-grade parking spaces. The development site is located within a mile of convenient services including a full-sized grocery store and pharmacy, schools, banks, restaurants, and other retail stores appropriate for residents and within a ¼ mile of a public transportation stop.
Green Oaks Apartments will serve families and their needs by providing high quality affordable housing with modern amenities and on-site services. The one-, two-, and three bedroom apartment units, exceeding the Texas Department of Housing and Community Affairs (TDHCA) minimum sizes, will offer contemporary living for residents. Unit amenities will include balconies/patios overlooking the common outdoor space, ample storage space and modern kitchens and bathrooms. To provide the most convenient living environment for families, all kitchens have garbage disposals, dishwashers and other amenities. Each unit will also include connections for a washer and dryer. The appliances will be energy efficient models to further reduce costs for residents. Site amenities will include a pool and grill facilities, children’s playground, fully enclosed dog park, perimeter fence with controlled access and a series of walkways throughout the community with seating areas.
Green Oaks Apartments will consist of three 3-story buildings, including a community clubhouse overlooking a beautifully landscaped courtyard with a pool. The clubhouse will include a kitchenette, lounge, community services area, business center, fitness room, offices and activity rooms. Tenant services will be made available at no cost to families and will be delivered onsite. These may include activities such as on-site social events, exercise classes, health fairs, and computer education programs.
Because Green Oaks 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) | 675ft2 | $807 $982† |
| Two Bedroom (2/2) | 887ft2 | $1,144 $1,170† |
| Three Bedroom (3/2) | 1ft2 | $1,316 $1,345† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $32,650 / year | $37,300 / year | $41,950 / year | $46,600 / year | $50,350 / year | $54,100 / year |
| 50% AMI for PBRA Units | $32,650 / year | $37,300 / year | $41,950 / year | $46,600 / year | $50,350 / year | $54,100 / year |
| 60% AMI for LIHTC Units | $39,180 / year | $44,760 / year | $50,340 / year | $55,920 / year | $60,420 / year | $64,920 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Green Oaks have a waiting list?
Green Oaks 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 Green Oaks?
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 Green Oaks?
Green Oaks is managed by Mayfair Management Group headquartered in Boca Raton, FL.
In addition to Green Oaks, how many other affordable housing properties (and units) are there in Houston?
In addition to Green Oaks, we list 328 other affordable properties in Houston. Learn about these properties here. Our data research shows that there are a total of 51825 affordable units in Houston.
When was the Green Oaks listing last updated?
Green Oaks listing on Affordable Housing Online was last updated on 10/27/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
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