La Merced Homes

413 S. Virginia Ave., Mercedes, TX 78570

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Connor Bailey
Rent Beds Baths SqFt
Call for Rents 3 - 4 Beds 1 Bath 832 - 972 Sq Ft
check_circle  Pets Allowed
check_circle  Project-Based Rental Assistance
check_circle  Family and Senior
check_circle  Affordable

Waitlist Forecast

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.

This uniquely crafted community in Mercedes, Texas has everything you need, from beautiful surroundings to easy access to local highways and interstates. La Merced is strategically located close to great restaurants, shopping, and entertainment venues. For some fun in the sun, visit one of the many parks in the area. La Merced is the only place to call home!

The 3-bedroom homes for rent feature premium amenities for your comfort and convenience. Finding the right home to fit all your needs has never been easier. Designed for modern living, the particular accommodations ensure residents have unparalleled comforts that are second to none. You won’t want to miss these La Merced homes!

Pride is taken in being on the cutting edge of design and amenities. Section 8 is welcome in this pet-friendly community, so come home to La Merced in Mercedes, Texas! Experience a landmark address unlike any other, and elevate your lifestyle to new heights.

Dave's Thoughts On La Merced Homes

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 La Merced Homes 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

La Merced Homes Amenities

  • Yard
  • Central Heat & Air

Units at La Merced Homes

Unit (Bd/Ba) Ft2 Rent
Three Bedroom (3/1) 832ft2 Call for Price
Four Bedroom (4/1) 972ft2 Call for Price

Income Qualification for La Merced Homes

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 3 people 4 people 5 people 6 people 7 people 8 people
30% AMI for PBRA Units $24,860 / year $30,000 / year $35,140 / year $40,280 / year $44,750 / year $47,600 / year
50% AMI for LIHTC Units $32,450 / year $36,050 / year $38,950 / year $41,850 / year $44,750 / year $47,600 / year
50% AMI for PBRA Units $32,450 / year $36,050 / year $38,950 / year $41,850 / year $44,750 / year $47,600 / year
60% AMI for LIHTC Units $38,940 / year $43,260 / year $46,740 / year $50,220 / year $53,700 / year $57,120 / year
80% AMI for PBRA Units $51,900 / year $57,650 / year $62,300 / year $66,900 / year $71,500 / year $76,100 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for La Merced Homes

Does La Merced Homes have a waiting list?

La Merced Homes 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 La Merced Homes?

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 La Merced Homes?

La Merced Homes is managed by United Apartment Group headquartered in San Antonio , Texas.

In addition to La Merced Homes, how many other affordable housing properties (and units) are there in Mercedes?

In addition to La Merced Homes, we list 10 other affordable properties in Mercedes. Learn about these properties here. Our data research shows that there are a total of 810 affordable units in Mercedes.

When was the La Merced Homes listing last updated?

La Merced Homes listing on Affordable Housing Online was last updated on 04/03/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near La Merced Homes

Armory Housing Project

101 Armory Rd, Mercedes, Texas 78570

payment Subsidized

Queens Village

108 E 8th St, Mercedes, Texas 78570

payment Subsidized

520 S Indiana Ave Unit A

520 S Indiana Ave Unit A, Mercedes, Texas 78570

bed 2
payment $900/mo.

1030 W 12th St Unit A

1030 W 12th St Unit A, Mercedes, Texas 78570

bed 2
payment $850/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

428 S Texas Ave Unit #5

428 S Texas Ave Unit #5, Mercedes, Texas 78570

bed 1
payment $725/mo.

1030 W 12th St Unit B

1030 W 12th St Unit B, Mercedes, Texas 78570

bed 2
payment $850/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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