NEC OF HWY 77 AND CR 2145, La Grange, TX 78945
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor BaileyRent | Beds | Baths | SqFt |
---|---|---|---|
Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 900 - 1,250 Sq Ft |
This project has been funded and will begin construction soon.
La Grange Springs provides an exceptional living experience with an array of amenities that elevate your lifestyle. The spacious 1-, 2-, and 3-bedroom floor plans are thoughtfully designed to accommodate your unique needs and preferences, ensuring you feel right at home from the moment you arrive.
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 La Grange Spring 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) | 900ft2 | Call for Price† |
Two Bedroom (2/1) | 1060ft2 | Call for Price† |
Three Bedroom (3/2) | 1250ft2 | Call for Price† |
AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
---|---|---|---|---|---|---|
30% AMI for PBRA Units | $17,950 / year | $20,500 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year |
50% AMI for LIHTC Units | $29,900 / year | $34,200 / year | $38,450 / year | $42,700 / year | $46,150 / year | $49,550 / year |
50% AMI for PBRA Units | $29,900 / year | $34,200 / year | $38,450 / year | $42,700 / year | $46,150 / year | $49,550 / year |
60% AMI for LIHTC Units | $35,880 / year | $41,040 / year | $46,140 / year | $51,240 / year | $55,380 / year | $59,460 / year |
80% AMI for PBRA Units | $47,850 / year | $54,650 / year | $61,500 / year | $68,300 / year | $73,800 / year | $79,250 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does La Grange Spring have a waiting list?
La Grange Spring 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 La Grange Spring?
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 La Grange Spring?
La Grange Spring is managed by Asset Living Property Management headquartered in Houston, Texas.
In addition to La Grange Spring, how many other affordable housing properties (and units) are there in La Grange?
In addition to La Grange Spring, we list 7 other affordable properties in La Grange. Learn about these properties here. Our data research shows that there are a total of 242 affordable units in La Grange.
When was the La Grange Spring listing last updated?
La Grange Spring 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.
503 W Lower Line St, La Grange, Texas 78945
503 W Lower Line St, La Grange, Texas 78945
503 W Lower Line St, La Grange, Texas 78945
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