5500 De Soto St., Houston, TX 77091
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $899 - 1,207 per Month† | 1 - 2 Beds | 1 - 2 Baths | - |
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.
Welcome to The Life at Grand Oaks Apartments, an affordable housing community where modern and functionality unite in Greater Inwood, Houston. These apartments offer a perfect balance of comfort and convenience, evident in the array of amenities and newly renovated 1- and 2-bedroom layout with modern finishes. From full size washer and dryers to charming vaulted ceilings and contemporary hardwood-style floors, every detail is appealing. The Kitchen boasts espresso shaker-style cabinets, quartz countertops, and stainless-steel appliances. Relax in the cozy bedroom with upgraded carpets or step outside to your private patio or balcony.
This Greater Inwood apartments feature central heating and air conditioners, cable and ample closet space. Community amenities include two refreshing swimming pools, a modern fitness center, a welcoming clubhouse, a business center, laundry center, playground and grilling stations.
Nestled near Desoto and Antoine, the location offers easy access to top-rated employers like Exxon Mobile and Memorial Hermann Health System.
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 Life at Grand Oaks 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 622-700ft2 | $899† |
| Two Bedroom (2/2) | 830-925ft2 | $1,149 $1,207† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $32,650 / year | $37,300 / year | $41,950 / year | $46,600 / year |
| 50% AMI for PBRA Units | $32,650 / year | $37,300 / year | $41,950 / year | $46,600 / year |
| 60% AMI for LIHTC Units | $39,180 / year | $44,760 / year | $50,340 / year | $55,920 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Life at Grand Oaks have a waiting list?
Life at Grand 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 Life at Grand 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 Life at Grand Oaks?
Life at Grand Oaks is managed by The Life Properties headquartered in Houston, TX.
In addition to Life at Grand Oaks, how many other affordable housing properties (and units) are there in Houston?
In addition to Life at Grand Oaks, 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 Life at Grand Oaks listing last updated?
Life at Grand Oaks listing on Affordable Housing Online was last updated on 04/02/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Monica Blackwell says:
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