12305 SW Loop 410, San Antonio, TX 78224
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $878 - 1,392 per Month† | 1 - 4 Beds | 1 - 2 Baths | 656 - 1,460 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.
Esperanza at Palo Alto offers a variety of 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartment homes. Each unit features a fully equipped kitchen with an island, quartz countertops, 9-foot ceilings, walk-in closets, ceiling fans, full-size washer/dryer connections, storage closets, and a private patio or balcony. Property amenities include a residen'ts lounge, children's activity room and after school program, conference center, cyber cafe with Wi-Fi, on-site clothes care center, 24-hour fitness center, playground, swimming pool with sundeck, and picnic area with barbeque grills. The community is located in Southwest San Antonio and allows resident easy access to SW Loop 410.
Esperanza at Palo Alto is a pet friendly community and allows both dogs and cats. There is a maximum of two (2) pets allowed per apartment home. Certain breed restrictions do apply.
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 Esperanza at Palo Alto 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. 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 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 |
|---|---|---|
| The Imaginacion (1/1) | 656ft2 | $878 $905† |
| The Alegria (2/2) | 923ft2 | $1,029 $1,086† |
| The Gloria (3/2) | 1050ft2 | $1,255† |
| The Cretivo (4/2) | 1460ft2 | $1,392† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $30,750 / year | $35,150 / year | $39,550 / year | $43,900 / year | $47,450 / year | $50,950 / year | $54,450 / year | $57,950 / year |
| 50% AMI for PBRA Units | $30,750 / year | $35,150 / year | $39,550 / year | $43,900 / year | $47,450 / year | $50,950 / year | $54,450 / year | $57,950 / year |
| 60% AMI for LIHTC Units | $36,900 / year | $42,180 / year | $47,460 / year | $52,680 / year | $56,940 / year | $61,140 / year | $65,340 / year | $69,540 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Esperanza at Palo Alto have a waiting list?
Esperanza at Palo Alto 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 Esperanza at Palo Alto?
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 Esperanza at Palo Alto?
Esperanza at Palo Alto is managed by The NRP Group LLC headquartered in Cleveland , Ohio.
In addition to Esperanza at Palo Alto, how many other affordable housing properties (and units) are there in San Antonio?
In addition to Esperanza at Palo Alto, we list 570 other affordable properties in San Antonio. Learn about these properties here. Our data research shows that there are a total of 34860 affordable units in San Antonio.
When was the Esperanza at Palo Alto listing last updated?
Esperanza at Palo Alto listing on Affordable Housing Online was last updated on 10/04/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
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