2627 Oak Dr, Lubbock, TX 79404
Waiting List Forecast: Likely Long or Closed for Public Housing units, and Likely Short or None for other affordable units
Verified for 2021 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $469 - 921 per Month† | 1 - 3 Beds | 1 - 2 Baths | 750 - 1,100 Sq Ft |
Since this property may have HUD-funded Public Housing with subsidies that help pay tenants' rent, the property is likely to have a long waiting list. Housing authorities often open these waiting lists periodically. Important: Housing authorities don't always open housing waiting lists at a property-specific level or even allow applicants to choose at which property they can live. Many times, the housing authority will assign an applicant to a property without giving the applicant a choice.
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.
Park Meadows Villas in Lubbock, Texas is the ideal place for those looking to be close to the heart of it all. Located southeast of downtown Lubbock, this affordable community provides easy access to Interstate 27, making your stressful commute a thing of the past. Discover the convenience of shopping, dining, and entertainment options only minutes away. If being outdoors is more your style, there are numerous public parks nearby.
Designed with your comfort in mind, t hey are excited to offer four floor plans with one, two, and three bedroom options. Their apartments for rent are cable ready and equipped with a balcony or patio, central air and heating, plush carpeting, ceiling fans, hardwood floors, mini blinds, walk-in closets, and washer and dryer connections. Enjoy a gourmet meal made in your all-electric kitchen complete with a dishwasher, microwave, and refrigerator. The perfect apartment is waiting for you at Park Meadows Villas.
Residents have access to a variety of premium community amenities. Relax at the clubhouse, work out at the state-of-the-art fitness center, or spend time with family at the playground. As a pet-friendly community, we welcome your four-legged friends so bring the whole family. Discover your future here with us at Park Meadows Villas.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC programonly provides subsidies to the building’s owner at construction. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Park Meadows has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. Records show this property may have been recently associated with the Public Housing program, which means it could have a new RAD Section 8 Project-Based Rental Assistance contract. LIHTC properties tend to have shorter waiting lists however, since this property may have a project-based subsidy, the waiting list may be much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, if this property has a RAD Section 8 Project-Based Rental Assistance contract, your Section 8 voucher cannot be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a possibly longer waiting list if this is indeed a RAD property.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| A1 (1/1) | 750ft2 | $469 $733† |
| B2 (2/2) | 1000ft2 | $879† |
| B1 (2/1) | 900ft2 | $562 $720† |
| C1 (3/2) | 1100ft2 | $645 $921† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $17,500 / year | $20,000 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $29,200 / year | $33,350 / year | $37,500 / year | $41,650 / year | $45,000 / year | $48,350 / year |
| 50% AMI for PBRA Units | $29,200 / year | $33,350 / year | $37,500 / year | $41,650 / year | $45,000 / year | $48,350 / year |
| 60% AMI for LIHTC Units | $35,040 / year | $40,020 / year | $45,000 / year | $49,980 / year | $54,000 / year | $58,020 / year |
| 80% AMI for PBRA Units | $46,700 / year | $53,350 / year | $60,000 / year | $66,650 / year | $72,000 / year | $77,350 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Park Meadows have a waiting list?
Park Meadows probably has a waiting list. Since our research has shown there are some public housing units at this property, the waiting list would be for those units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Park Meadows?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
In addition to Park Meadows, how many other affordable housing properties (and units) are there in Lubbock?
In addition to Park Meadows, we list 28 other affordable properties in Lubbock. Learn about these properties here. Our data research shows that there are a total of 3230 affordable units in Lubbock.
Preferences are not a requirement.
You should still consider applying to waiting lists with preferences you don't qualify for. There is still a chance to get housing.Kara Qualls says:
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