3322 Yellowstone Blvd, Houston, TX 77021
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley, Colleen Carter, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2.5 Baths | 1 - 976 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.
Park Yellowstone offers affordable 1-bedroom, 2-bedroom, and 3-bedroom apartments and townhomes. Each unit features a fully-equipped kitchen, wood-style floors, washer/dryer hookups, large walk-in closets, and central air. Select units feature a private patio. Community amenities include a clubhouse, day care, learning center, on-site laundry facility, pool, playground, and picnic area. The community includes case management services and resident activities provided by Star of Hope Mission. Park Yellowstone is conveniently located 5 miles from downtown Houston, close to the Houston Zoo, and the Houston Museum of National Science.
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 Park Yellowstone Apartment Homes 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 Apartment (1/1) | 652ft2 | Call for Price† |
| One Bedroom Townhome (1/1) | 729ft2 | Call for Price† |
| Two Bedroom Townhome (2/2.5) | 976ft2 | Call for Price† |
| Three Bedroom Townhome (3/2.5) | 1ft2 | 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 Park Yellowstone Apartment Homes have a waiting list?
Park Yellowstone Apartment Homes 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 Park Yellowstone Apartment Homes?
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 Park Yellowstone Apartment Homes?
Park Yellowstone Apartment Homes is managed by Vesta Corporation headquartered in Weatogue, Connecticut.
In addition to Park Yellowstone Apartment Homes, how many other affordable housing properties (and units) are there in Houston?
In addition to Park Yellowstone Apartment Homes, 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.
3530 Green Crest Drive, Houston, Texas 77082
5915 Uvalde Rd, Houston, Texas 77049
1521 Sherwood Forest St, Houston, Texas 77043
10909 Fondren Rd, Houston, Texas 77096
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.Karen Grim says:
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