5612 South Rice Ave, Houston, TX 77081
Waiting List Forecast: Likely Short or None
Verified for 2022 by Connor Bailey, Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 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.
Searching for affordable apartment living near the heart of Houston, Texas? Well, look no further than South Rice Apartments! This is a brand new apartment community that provides convenient access to major roadways to get around town. With its prime location, residents are just minutes away from incredible local restaurants, shopping venues, cinemas, and parks.
The cozy 1-, 2-, and 3-bedroom apartments offer amazing amenities such as plush carpeting, ceiling fans, walk-in closets, and a fully-equipped kitchen. Residents won’t have to worry about any chores as every apartment includes a washer and dryer. You can find the perfect blend of quality and comfort at South Rice Apartments.
This community boasts a range of enticing features for residents. Dip and relax by the sparkling swimming pool, unwind in the welcoming clubhouse, or stay active in the state-of-the-art fitness center. This is also a pet-friendly community, so bring the whole family.
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 South Rice Apartments 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) | 755-887ft2 | Call for Price† |
| Two Bedroom (2/2) | 1103ft2 | Call for Price† |
| Three Bedroom (3/2) | 1322ft2 | 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 South Rice Apartments have a waiting list?
South Rice Apartments 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 South Rice Apartments?
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 South Rice Apartments?
South Rice Apartments is managed by Brownstone Residential headquartered in Houston, Texas.
In addition to South Rice Apartments, how many other affordable housing properties (and units) are there in Houston?
In addition to South Rice Apartments, 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
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Roxana Gonzales says:
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