Russell Terrace Revitalization Project, located at 3101 Springfield Ave in Laredo, has one, two, three and four bedroom apartments. Russell Terrace Revitalization Project participates in the Public Housing program.
|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|
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.
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Laredo but actual income limits may differ for units at Russell Terrace Revitalization Project.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
These general income qualifications for Laredo, Texas should only be used as a basic guide. To find out if you qualify, contact the community directly.
You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.
Russell Terrace Revitalization Project receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.
Russell Terrace Revitalization Project is managed by Housing Authority of the City of Laredo.