Cottage Creek II Apartments

4830 Ray Bon Dr, San Antonio, Texas 78218

Cottage Creek II Apartments, located at 4830 Ray Bon Dr in San Antonio, has studio, one and two bedroom apartments. Cottage Creek II Apartments participates in the Low-Income Housing Tax Credit (LIHTC) and Section 8 Project-Based Rental Assistance programs.

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Cottage Creek II Apartments is accepting applications and does not have a waiting list.

Last updated on December 6th, 2018

Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) 424 $550
Large Studio (Studio/1) 525 $560
One Bedroom (1/1) 624 $625
Two Bedroom (2/1) 850 $830

Cottage Creek II Apartments Details

  • 132 studio, one and two bedroom units.
  • Project-Based Rental Assistance
  • Market Rate

Property Amenities

  • Playground
  • Community Room
  • Pet Friendly
  • Swimming pool

Unit Amenities

  • Air Conditioning

Office Hours

Day Hours
Monday 8:30am-5:30pm
Tuesday 8:30am-5:30pm
Wednesday 8:30am-5:30pm
Thursday 8:30am-5:30pm
Friday 8:30am-5:30pm

About Cottage Creek II Apartments

Come experience the lifestyle you deserve at affordable prices in the heart of Northeast San Antonio! Cottage Creek Apartments offer pet-friendly, one and two bedroom apartment homes with a multitude of great amenities and resident activities. Call or come by and let one of our leasing professionals take you on a tour today!

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

San Antonio HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in San Antonio but actual income limits may differ for units at Cottage Creek II Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $14,950 $17,050 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% $24,850 $28,400 $31,950 $35,500 $38,350 $41,200 $44,050 $46,900
80% $39,800 $45,450 $51,150 $56,800 $61,350 $65,900 $70,450 $75,000

San Antonio Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in San Antonio but actual income limits may differ for units at Cottage Creek II Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $24,850 $28,400 $31,950 $35,500 $38,350 $41,200 $44,050 $46,900
Low Income (60%) $29,820 $34,080 $38,340 $42,600 $46,020 $49,440 $52,860 $56,280

These general income qualifications for San Antonio, Texas should only be used as a basic guide. To find out if you qualify, contact the community directly.

Cottage Creek II Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Cottage Creek II Apartments has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Cottage Creek II Apartments is managed by Allied Orion Group.

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Image of Cottage Creek II Apartments
Image of Cottage Creek II Apartments
Image of Cottage Creek II Apartments
Image of Cottage Creek II Apartments