2627 Oak Dr, Lubbock, TX 79404
Waiting List Forecast: Likely Short or None
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 is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
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 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 Park Meadows 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.
~ 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 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 Park Meadows?
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.
In addition to Park Meadows, how many other affordable housing properties (and units) are there in Lubbock?
In addition to Park Meadows, we list 29 other affordable properties in Lubbock. Learn about these properties here. Our data research shows that there are a total of 3386 affordable units in Lubbock.
500 N Martin Luther King Blvd, Lubbock, Texas 79403
1415 N Knoxville Ave., Lubbock, Texas 79415
If you're a homeless veteran, contact your VA Medical Center.
You may have an opportunity to apply for a VASH voucher, which is a Section 8 voucher for homeless veterans.Takesha Powell says:
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