Villa Vallarta

600 N Fairgrounds Rd, Rio Grande City, TX 78582

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2024 by Connor Bailey
Rent Beds Baths SqFt
$549 - 615 per Month 1 - 2 Beds 1 Bath 633 - 817 Sq Ft
check_circle  Senior (62+)
check_circle  Persons With Disabilities
check_circle  Pets Allowed
check_circle  Project-Based Rental Assistance
check_circle  Affordable

Waitlist Forecast

Since this property is a USDA 515 and LIHTC property that might 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.

Villa Vallarta Apartments are an affordable complex offering 1- and 2-bedroom units for senior residents. This community offers many amenities including a community room, off-street parking, and units with ceiling fans, carpet, and window coverings.

Dave's Thoughts On Villa Vallarta

Because it participates in the USDA Section 515 Rural Rental Housing program, Villa Vallarta is likely located in a rural community and may be one of only a few rental housing choices in the area. To qualify for residency in a Section 515 property, you must earn 80% or less of Area Median Income (AMI). However, this property also participates in the LIHTC program. 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. Since this property also participates in USDA's Section 521 Rental Assistance program, residents who earn 50% of the AMI or less may qualify for a subsidy that limits your rent payment to 30% of your income. The Section 521 subsidy may be attached to all or just some of the units. Since this property has benefited from the LIHTC program, it is likely to be in better condition and offer more amenities than other Section 515 properties. These properties are almost always owned and managed by private/corporate owners or nonprofits. If you live in a rural area and need help paying your rent, this property may be good for you.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Villa Vallarta Amenities

  • Community Room
  • Off-Street Parking
  • Ceiling Fan(s)
  • Washer and Dryer Hookup
  • Cable Ready
  • Window Coverings
  • Refrigerator
  • Oven and Range
  • Water Included
  • Private Patios
  • Private Porch

Units at Villa Vallarta

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 633ft2 $549
Two Bedroom (2/1) 817ft2 $615

Income Qualification for Villa Vallarta

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people
30% AMI for PBRA Units $15,200 / year $19,720 / year $24,860 / year $30,000 / year
50% AMI for LIHTC Units $25,250 / year $28,850 / year $32,450 / year $36,050 / year
50% AMI for PBRA Units $25,250 / year $28,850 / year $32,450 / year $36,050 / year
60% AMI for LIHTC Units $30,300 / year $34,620 / year $38,940 / year $43,260 / year
80% AMI for PBRA Units $40,400 / year $46,150 / year $51,900 / year $57,650 / year

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

FAQs for Villa Vallarta

Does Villa Vallarta have a waiting list?

Villa Vallarta 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 Villa Vallarta?

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 Villa Vallarta?

Villa Vallarta is managed by Hamilton Valley Management headquartered in Burnet, Texas.

In addition to Villa Vallarta, how many other affordable housing properties (and units) are there in Rio Grande City?

In addition to Villa Vallarta, we list 12 other affordable properties in Rio Grande City. Learn about these properties here. Our data research shows that there are a total of 224 affordable units in Rio Grande City.

When was the Villa Vallarta listing last updated?

Villa Vallarta 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.

Listings Near Villa Vallarta

La Casita Del Valle Apartments

6547 FM 1430, Rio Grande City, Texas 78582

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Villa De Escandon Apartments

212 Frank Doyno St, Rio Grande City, Texas 78582

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Gran Cielo Residences

1615 W Eisenhower Rd, Rio Grande City, Texas 78582

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

200 N Juarez Unit C

200 N Juarez Unit C, Rio Grande City, Texas 78582

bed 2
payment $650/mo.

200 N Juarez Unit B

200 N Juarez Unit B, Rio Grande City, Texas 78582

bed 2
payment $650/mo.

709 E 3rd St Unit C

709 E 3rd St Unit C, Rio Grande City, Texas 78582

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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