1450 Amscott Street, Mckinney, TX 75069
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2019 by Connor Bailey, Ben D. Layfield, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 657 - 882 Sq Ft |
Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.
Do you want to live in comfort and at an affordable price? Look no further, Newsome Homes is just the right place for you in McKinney, Texas! Just minutes away is the historic McKinney downtown area with great shopping, local dining, and amazing entertainment. Heard National Science Museum and Wildlife Sanctuary are south of this community offering gorgeous trails, gardens and exhibits. Newsome Homes is the perfect location for 55 and better to live life to its fullest!
Beautiful 1- and 2-bedroom affordable apartment homes are offered. Imagine yourself in an open kitchen with all-electric black appliances, dark wood cabinets, and plenty of counter space to whip up home-cooked meals. Each home is designed with hardwood floors, plush carpets, spacious walk-in closets, and large bathrooms with dual vanities in select homes. Newsome Homes is carefully designed with you in mind.
Newsome Homes offers some of the best apartment amenities for you to appreciate. Senior living has never looked better. The state-of-the-art fitness center will help you stay active. Everyone can have fun in the clubhouse or stay connected in the business center. If you like to be outside there is a picnic area with barbecues and a gazebo just to relax and enjoy the day. Bring your furry friends, everyone is welcome!
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. 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. This property does participate in the RAD Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. 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 Newsome Homes has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a RAD Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not 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 longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 657ft2 | Call for Price† |
| Two Bedroom (2/1) | 882ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $21,700 / year | $24,800 / year | $27,900 / year | $30,950 / year |
| 50% AMI for LIHTC Units | $36,100 / year | $41,250 / year | $46,400 / year | $51,550 / year |
| 50% AMI for PBRA Units | $36,100 / year | $41,250 / year | $46,400 / year | $51,550 / year |
| 60% AMI for LIHTC Units | $43,320 / year | $49,500 / year | $55,680 / year | $61,860 / year |
| 80% AMI for PBRA Units | $57,750 / year | $66,000 / year | $74,250 / year | $82,500 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Newsome Homes have a waiting list?
Newsome Homes probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Newsome Homes?
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.
What property management company manges Newsome Homes?
Newsome Homes is managed by Carleton Management Services headquartered in Bedford, Texas.
In addition to Newsome Homes, how many other affordable housing properties (and units) are there in Mckinney?
In addition to Newsome Homes, we list 82 other affordable properties in Mckinney. Learn about these properties here. Our data research shows that there are a total of 3609 affordable units in Mckinney.
1400 Eldorado Pkwy, Mckinney, Texas 75069
6551 McKinney Ranch Pkwy, Mckinney, Texas 75070
Interested in a waiting list that opens soon?
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