1600 Mustang Dr, Marble Falls, TX 78654
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 - 1.5 Bath | 826 - 1,079 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.
Highland Oaks Apartments is an affordable community offering 1-bedroom and 2-bedrom apartment homes for persons 55 years and better. Each unit features an all-electric kitchen with a pantry, dishwasher, and refrigerator. Additionally each unit includes central air and heating, carpeted floors, walk-in closets, washer/dryer connections, and some paid utilities. Community amenities include a clubhouse, fitness center, business center, swimming pool, picnic and barbeque area, and on-site laundry facility. Highland Oaks Apartments is ideally located near Route US-281, giving residents access to great schools, public parks, restaurants, and shopping venues just minutes away.
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 Highland Oaks Apartments 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 826ft2 | Call for Price† |
| Two Bedroom (2/1.5) | 1079ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,200 / year | $33,350 / year | $37,500 / year | $41,650 / year |
| 50% AMI for PBRA Units | $29,200 / year | $33,350 / year | $37,500 / year | $41,650 / year |
| 60% AMI for LIHTC Units | $35,040 / year | $40,020 / year | $45,000 / year | $49,980 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Highland Oaks Apartments have a waiting list?
Highland Oaks Apartments 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 Highland Oaks Apartments?
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 Highland Oaks Apartments?
Highland Oaks Apartments is managed by Texas Housing Foundation headquartered in Marble Falls, TX.
In addition to Highland Oaks Apartments, how many other affordable housing properties (and units) are there in Marble Falls?
In addition to Highland Oaks Apartments, we list 7 other affordable properties in Marble Falls. Learn about these properties here. Our data research shows that there are a total of 425 affordable units in Marble Falls.
When was the Highland Oaks Apartments listing last updated?
Highland Oaks Apartments listing on Affordable Housing Online was last updated on 09/20/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
Know your rights as a Section 8 tenant.
Some states and local governments have laws that protect renters with a Section 8 voucher who are looking for an available unit. Check your local laws.Theodore Taylor Jr. says:
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