5601 Canal St., Houston, TX 77011
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | - |
This property is currently under construction.
Newly constructed in the historic Second Ward, Hartwood at Canal offers stunning East Downtown Houston apartments with striking amenities and features.
Come home to a 1-, 2-, or 3-bedroom floor plan filled with the features you need for a comfortable lifestyle. Outside your front door, outstanding amenities add excitement your everyday. Spend the afternoon soaking up the Texas sun on the poolside deck, and when the sun goes down, gather around the firepit. Package lockers, a parking garage, and a fitness center help streamline your routine.
Ideally nestled east of Downtown, their pet-friendly apartments place you near the best of Houston. Explore the local restaurants, coffee shops, and nightlife just blocks from home or catch I-45 for quick drives to Minute Maid Park, Discovery Green, and more.
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 Heartwood at Canal 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. 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. Since this property participates in the LIHTC program, 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) | 700-777ft2 | Call for Price† |
| Two Bedroom (2/2) | 943-1014ft2 | Call for Price† |
| Three Bedroom (3/2) | 1161ft2 | Call for Price† |
| 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 Heartwood at Canal have a waiting list?
Heartwood at Canal 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 Heartwood at Canal?
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 Heartwood at Canal?
Heartwood at Canal is managed by Blazer headquartered in Houston, TX.
In addition to Heartwood at Canal, how many other affordable housing properties (and units) are there in Houston?
In addition to Heartwood at Canal, we list 421 other affordable properties in Houston. Learn about these properties here. Our data research shows that there are a total of 52275 affordable units in Houston.
When was the Heartwood at Canal listing last updated?
Heartwood at Canal listing on Affordable Housing Online was last updated on 02/01/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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