3232 Dixie Dr., Houston, TX 77021
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $926 - 1,261 per Month† | 1 - 3 Beds | 1 - 2 Baths | - |
This property is currently under construction.
Regency Lofts Apartments is a brand-new affordable apartment home community coming soon. This new community is close to an abundance of shopping, entertainment, parks, and great restaurants. Once completed, Regency Lofts will offer 1-bedroom, 2-bedroom, and 3-bedroom affordable apartments. Each unit will be equipped with many great features such as an all-electric kitchen with stainless steel appliances, granite countertops, 9 ft ceilings, a balcony or patio, and a washer/dryer in the home.
Welcome to the Regency Lofts Apartments in Houston, TX, a great brand-new affordable apartment home community. This new community is close to an abundance of shopping, entertainment, parks, and great restaurants. The great location is near everything you want and need. If you are looking for quality and convenience, you’ve come to the right place.
This community proudly offers six floor plans with 1-, 2-, and 3-bedroom affordable apartments for rent designed with you in mind. Each of the spacious homes are equipped with many great features, like 9Ft ceilings, a balcony or patio, and a washer and dryer in the home. Cooking homemade meals and delectable desserts is effortless in your all-electric kitchen with stainless steel appliances and granite countertops.
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 Regency Lofts 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 | $926† |
| Two Bedroom (2/2) | 943-1014ft2 | $982 $1,100† |
| Three Bedroom (3/2) | 1161ft2 | $1,261† |
| 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 Regency Lofts have a waiting list?
Regency Lofts 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 Regency Lofts?
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 Regency Lofts?
Regency Lofts is managed by FDI Property Management Services, Inc. headquartered in Spring, Texas.
In addition to Regency Lofts, how many other affordable housing properties (and units) are there in Houston?
In addition to Regency Lofts, 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 Regency Lofts listing last updated?
Regency Lofts 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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