2505 K Ave., Plano, TX 75074
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,099 - 1,508 per Month† | 1 - 3 Beds | 1 - 2 Baths | 667 - 1,228 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.
K Avenue Lofts features a beautiful, pet friendly community comprised of 1-, 2-, and 3-bedroom apartment homes. Each spacious floor plan includes modern amenities you would expect to find in a luxury home, at affordable rental rates: a fully-equipped gourmet kitchen with energy-efficient appliances, exceptional closet space, ceiling fans, and full-size washer and dryer connections in every unit. The community room provides comforts of contemporary living which include a kitchen & dining area as well as computer workstations. K Avenue Lofts has a beautiful swimming pool with an outdoor picnic area to enjoy the outdoors. The building is smoke-free & pet-friendly.
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 K Avenue Lofts 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) | 667ft2 | $1,099† |
| Two Bedroom (2/2) | 895ft2 | $1,311† |
| Three Bedroom (3/2) | 1228ft2 | $1,508† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $36,100 / year | $41,250 / year | $46,400 / year | $51,550 / year | $55,700 / year | $59,800 / year |
| 50% AMI for PBRA Units | $36,100 / year | $41,250 / year | $46,400 / year | $51,550 / year | $55,700 / year | $59,800 / year |
| 60% AMI for LIHTC Units | $43,320 / year | $49,500 / year | $55,680 / year | $61,860 / year | $66,840 / year | $71,760 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does K Avenue Lofts have a waiting list?
K Avenue Lofts 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 K Avenue Lofts?
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 K Avenue Lofts?
K Avenue Lofts is managed by Pivotal (formally MVAH Partners) headquartered in West Chester, OH.
In addition to K Avenue Lofts, how many other affordable housing properties (and units) are there in Plano?
In addition to K Avenue Lofts, we list 93 other affordable properties in Plano. Learn about these properties here. Our data research shows that there are a total of 2210 affordable units in Plano.
When was the K Avenue Lofts listing last updated?
K Avenue Lofts 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.
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