Highland Oaks Apartments

1600 Mustang Dr, Marble Falls, Texas 78654

Highland Oaks Apartments, located at 1600 Mustang Dr in Marble Falls, has one and two bedroom apartments. Highland Oaks Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 826 $607
2 Bedroom (2/1.5) 1,079 $721

Highland Oaks Apartments Details

  • 76 one and two bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)
  • Near Elderly (55+)

Property Amenities

  • Fitness Center
  • Community Room
  • Clubhouse
  • On-Site Management
  • Coin-Operated Laundry
  • Laundry Facilities

Unit Amenities

  • Ceiling Fan(s)
  • Refrigerator
  • Private Patios

Office Hours

Day Hours
Monday 8:00am-4:30pm
Tuesday 8:00am-4:30pm
Wednesday 8:00am-4:30pm
Thursday 8:00am-4:30pm
Friday 8:00am-4:30pm

About Highland Oaks Apartments

Imagine a day which offers peace of mind and the freedom and opportunity to do the things you enjoy. Highland Oaks is more than a nice place to live. It is a lifestyle with comfort, affordability, convenience, quality of life, and independence to live and enjoy things which are important to you. Designed especially for seniors for secure living in tranquil Hill Country.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Marble Falls Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Marble Falls but actual income limits may differ for units at Highland Oaks Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $23,400 $26,750 $30,100 $33,400 $36,100 $38,750 $41,450 $44,100
Low Income (60%) $28,080 $32,100 $36,120 $40,080 $43,320 $46,500 $49,740 $52,920

Highland Oaks Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Highland Oaks Apartments is managed by Texas Housing Foundation.

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