RoseMary's Place

3300 Caroline St., Houston, TX 77004

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Connor Bailey

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio Bed	1 Bath	-

Waitlist Forecast

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.

Upon completion, RoseMary’s Place Apartments in the Midtown neighborhood of Houston will provide 149 units of permanent supportive housing to the most vulnerable residents of the City of Houston. Located on a solid city block bounded by Carolina Avenue, San Jacinto Avenue, Francis Street, and Stuart Street, this innovative apartment complex will create 149 permanent supportive housing units whose occupants will be served by a robust supportive housing service program via The NHP Foundation’s partner organization, Magnificat Houses, Inc. The four-story elevator served building will consist of efficiency units on floors 2 through 4, while programming and office space will occupy the ground floor. Laundry rooms will be provided.

RoseMary’s Place will have extensive common areas as is appropriate for a building with such a robust service program for residents. In addition to offices for property management, there will be two offices for resident service providers, three multipurpose rooms, a warming kitchen, and two separate gathering areas, and a 24-hour staffed entry desk.

Dave's Thoughts On RoseMary's Place

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 RoseMary's Place 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

RoseMary's Place Amenities

Elevator
Community Room
On-Site Manager
Laundry Room
Community Kitchen

Units at RoseMary's Place

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price^†

Income Qualification for RoseMary's Place

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
50% AMI for LIHTC Units	$32,650 / year	$37,300 / year	$41,950 / year	$46,600 / year	$50,350 / year	$54,100 / year	$57,800 / year	$61,550 / year
50% AMI for PBRA Units	$32,650 / year	$37,300 / year	$41,950 / year	$46,600 / year	$50,350 / year	$54,100 / year	$57,800 / year	$61,550 / year
60% AMI for LIHTC Units	$39,180 / year	$44,760 / year	$50,340 / year	$55,920 / year	$60,420 / year	$64,920 / year	$69,360 / year	$73,860 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for RoseMary's Place

Does RoseMary's Place have a waiting list?

RoseMary's Place 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 RoseMary's Place?

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 RoseMary's Place?

RoseMary's Place is managed by The NHP Foundation headquartered in New York City, NY.

In addition to RoseMary's Place, how many other affordable housing properties (and units) are there in Houston?

In addition to RoseMary's Place, we list 330 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 RoseMary's Place listing last updated?

RoseMary's Place listing on Affordable Housing Online was last updated on 04/08/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.