306 Beacon Bay Dr, Port Isabel, TX 78578
Waiting List Forecast: Likely Short or None
Verified for 2024 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $718 - 1,050 per Month† | 1 - 3 Beds | 1 - 2 Baths | 690 - 1,152 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.
Surrounded by beautiful beaches, Beacon Bay Townhomes is ideally located in the charming town of Port Isabel, Texas. The community offers a variety of 1-bedroom, 2-bedroom, and 3-bedroom floor plans with each unit featuring a patio area, storage closets, and full-size washer/dryer connections. Property amenities include a clubhouse, fitness center, planned activities, and onsite laundry facilities.
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 Beacon Bay Townhomes 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) | 690ft2 | $718 $810† |
| Two Bedroom One Bath (2/1) | 850ft2 | $825 $940† |
| Two Bedroom Two Bath (2/2) | 910ft2 | $845 $955† |
| Three Bedroom (3/2) | 1152ft2 | $950 $1,050† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people |
|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year | $38,950 / year | $41,850 / year | $44,750 / year |
| 50% AMI for PBRA Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year | $38,950 / year | $41,850 / year | $44,750 / year |
| 60% AMI for LIHTC Units | $30,300 / year | $34,620 / year | $38,940 / year | $43,260 / year | $46,740 / year | $50,220 / year | $53,700 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Beacon Bay Townhomes have a waiting list?
Beacon Bay Townhomes 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 Beacon Bay Townhomes?
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 Beacon Bay Townhomes?
Beacon Bay Townhomes is managed by The Michaels Organization headquartered in Camden, NJ.
In addition to Beacon Bay Townhomes, how many other affordable housing properties (and units) are there in Port Isabel?
In addition to Beacon Bay Townhomes, we list 3 other affordable properties in Port Isabel. Learn about these properties here. Our data research shows that there are a total of 325 affordable units in Port Isabel.
When was the Beacon Bay Townhomes listing last updated?
Beacon Bay Townhomes listing on Affordable Housing Online was last updated on 05/29/2024 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
100 Hockaday Dr, Port Isabel, Texas 78578
Preferences are not a requirement.
You should still consider applying to waiting lists with preferences you don't qualify for. There is still a chance to get housing.Judea I. Lawton says:
"Affordable Housing Online is a great resource for those needing housing."