120 Gardendale, Mabank, TX 75147
Waiting List Forecast: Likely Short or None
Verified for 2024 by Andrianna Gardner, Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $468 - 1,080 per Month† | 1 - 2 Beds | 1 - 2 Baths | 679 - 922 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.
Minutes from Cedar Creek Reservoir sits an idyllic senior community in Mabank, TX serving those 55 and better. Gardens of Mabank provides a comfortable smoke-free community to enjoy your retirement years. Everything you need is just minutes away with dining and shopping options nearby. Your new home has a private front entrance, spacious floorplan, and an attached garage.
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 Gardens of Mabank 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 |
|---|---|---|
| One Bedroom (1/1) | 679ft2 | $468† |
| Two Bedroom (2/2) | 922ft2 | $975 $1,080† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year |
| 50% AMI for PBRA Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year |
| 60% AMI for LIHTC Units | $30,300 / year | $34,620 / year | $38,940 / year | $43,260 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Gardens of Mabank have a waiting list?
Gardens of Mabank 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 Gardens of Mabank?
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 Gardens of Mabank?
Gardens of Mabank is managed by The Michaels Organization headquartered in Camden, NJ.
In addition to Gardens of Mabank, how many other affordable housing properties (and units) are there in Mabank?
In addition to Gardens of Mabank, we list 5 other affordable properties in Mabank. Learn about these properties here. Our data research shows that there are a total of 252 affordable units in Mabank.
When was the Gardens of Mabank listing last updated?
Gardens of Mabank listing on Affordable Housing Online was last updated on 04/23/2024 by Andrianna Gardner. Remember, a property's status can change so you should contact the property to confirm.
401 N 3rd St, Mabank, Texas 75147
209 S Grand Ave, Mabank, Texas 75147
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