3101 Springfield Ave, Laredo, TX 78040
Waiting List Forecast: Closed
Verified for 2020 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 4 Beds | 1 - 1.5 Bath | - |
Russell Terrace, Rental Assistance Demonstration (RAD) Waiting List
The Housing Authority of the City of Laredo (HACL) last accepted Rental Assistance Demonstration (RAD) waiting list applications for 3 and 4-Bedroom apartments at Russell Terrace Apartments from February 27, 2024, until February 29, 2024. There is no notice when this waiting list will reopen.
To apply while the waitlist was open, applicants were required to complete the online application.
This waiting list had the following preferences:
Selected applications were place on the waiting list by date and time the application was received, by order of preferences.
For more information, visit the HACL website.
Sources: This information was verified by the HATC official Facebook page on February 20, 2024.
Go to the public housing authority page for this waiting list >>
The Laredo Housing Authority is participating in HUD-RAD, and, via it’s subsidiary the Laredo Housing Facilities Corporation, is converting the Russell Terrace development into a RAD project. All 200 units will eventually move from Public Housing based assistance to Project Based Voucher assistance. In the process, 132 units will be demolished and rebuilt with modern amenities. Tenants who resided there before the conversion process will have the “Right to Return” after the demolition and rebuilding has been completed.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom One Bath (1/1) | - | Call for Price† |
| Two Bedroom One Bath (2/1) | - | Call for Price† |
| Three Bedroom One Bath (3/1) | - | Call for Price† |
| Four Bedroom One in a half Bath (4/1.5) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $15,200 / year | $19,720 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $44,750 / year | $47,600 / year |
| 50% AMI for LIHTC Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year | $38,950 / year | $41,850 / year | $44,750 / year | $47,600 / year |
| 50% AMI for PBRA Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year | $38,950 / year | $41,850 / year | $44,750 / year | $47,600 / year |
| 80% AMI for PBRA Units | $40,400 / year | $46,150 / year | $51,900 / year | $57,650 / year | $62,300 / year | $66,900 / year | $71,500 / year | $76,100 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Russell Terrace Revitalization Project have a waiting list?
Russell Terrace Revitalization Project has a waiting list. See above for waiting list details.
What property management company manges Russell Terrace Revitalization Project?
Russell Terrace Revitalization Project is managed by Apartmentsmart Generic headquartered in Salisbury, Maryland.
In addition to Russell Terrace Revitalization Project, how many other affordable housing properties (and units) are there in Laredo?
In addition to Russell Terrace Revitalization Project, we list 58 other affordable properties in Laredo. Learn about these properties here. Our data research shows that there are a total of 1747 affordable units in Laredo.
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