Villas of Hubbard

222 S Magnolia Ave, Hubbard, Texas 76648

Contact Villas of Hubbard

Message Villas of Hubbard

Villas of Hubbard is accepting applications and does not have a waiting list.

Last updated on February 23rd, 2018

Villas of Hubbard Details

  • 36 units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)
  • Accessible Units
  • Near Elderly (55+)

Property Amenities

  • Community Room
  • Clubhouse
  • Covered Parking
  • Gazebo
  • Community Garden
  • 24 Hour Maintenance

Unit Amenities

  • Handicapped Accessible
  • Dishwasher
  • Central Heat & Air
  • Fully Equipped Kitchen
  • Full-Size Washer & Dryer Connections

Nearby Amenities

  • Close to Downtown District

About Villas of Hubbard

Villas of Hubbard is a luxury apartment community with 36 single story apartment homes for seniors 55 and older. We invite you to view our spacious floorplans, apartment home photos and community features. If you have any questions or would like to schedule a personal tour then please contact our professional leasing staff at (254) 576-1004

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Hubbard Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Hubbard but actual income limits may differ for units at Villas of Hubbard.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $20,550 $23,500 $26,450 $29,350 $31,700 $34,050 $36,400 $38,750
Low Income (60%) $24,660 $28,200 $31,740 $35,220 $38,040 $40,860 $43,680 $46,500

Villas of Hubbard was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Villas of Hubbard is managed by Quest Asset Management.

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