Montabella Pointe

5121 N. Foster Rd. , San Antonio, Texas 78244

Montabella Pointe, located at 5121 N. Foster Rd. in San Antonio, has one, two and three bedroom apartments. Montabella Pointe participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Units

Unit (Bd/Ba) Ft2 Rent
1 BR (1/1) 717 Income Based
2 BR (2/2) 972 Income Based
3 BR (3/2) 1164 Income Based

Montabella Pointe Details

  • 144 one, two and three bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Laundry Room
  • 24hr Emergency Maintenance

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Window Coverings
  • Carpet
  • Refrigerator

Nearby Amenities

  • Close to Dining
  • Close to Shopping
  • Near Schools
  • Near Post Office

About Montabella Pointe

Welcome to Montabella Pointe Apartments! This pleasant, quiet community in San Antonio, TX boasts a prime location near the Brooke Army Medical Center (BAMC), Fort Sam Houston, Randolph Air Force Base, shopping centers, public transportation and more. In addition, residents enjoy a variety of on-site amenities and conveniences to meet a range of lifestyle needs. Come visit us today for a tour!

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.

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 Montabella Pointe.

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

Montabella Pointe was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

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.

Montabella Pointe is managed by Prospera Housing Community Services.

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