2700 State Hwy 361, Port Aransas, TX 78373
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $797 - 1,850 per Month† | 1 - 3 Beds | 1 - 2 Baths | - |
This property is currently under construction.
Get a sneak peek of the good life here at Palladium Port Aransas. Thoughtfully designed 1-, 2-, and 3-bedroom floor plans that offer premium finishes that set the standard for exception year-round living in Port Aransas.
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 Palladium Port Aransas 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 695ft2 | $797† |
| Two Bedroom (2/2) | 1005ft2 | $948 $1,615† |
| Three Bedroom (3/2) | 1157-1273ft2 | $1,086 $1,850† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $16,250 / year | $19,720 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $27,100 / year | $31,000 / year | $34,850 / year | $38,700 / year | $41,800 / year | $44,900 / year |
| 50% AMI for PBRA Units | $27,100 / year | $31,000 / year | $34,850 / year | $38,700 / year | $41,800 / year | $44,900 / year |
| 60% AMI for LIHTC Units | $32,520 / year | $37,200 / year | $41,820 / year | $46,440 / year | $50,160 / year | $53,880 / year |
| 80% AMI for PBRA Units | $43,350 / year | $49,550 / year | $55,750 / year | $61,900 / year | $66,900 / year | $71,850 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Palladium Port Aransas have a waiting list?
Palladium Port Aransas 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 Palladium Port Aransas?
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 Palladium Port Aransas?
Palladium Port Aransas is managed by Palladium Management headquartered in Dallas, Texas.
In addition to Palladium Port Aransas, how many other affordable housing properties (and units) are there in Nueces County?
In addition to Palladium Port Aransas, we list 145 other affordable properties in Nueces County. Learn about these properties here. Our data research shows that there are a total of 7133 affordable units in Nueces County.
When was the Palladium Port Aransas listing last updated?
Palladium Port Aransas listing on Affordable Housing Online was last updated on 02/05/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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