323 W. Mitchell , San Antonio, TX 78204
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | - |
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.
Rio Lofts Apartments is the best choice when it comes to modern, yet affordable apartments in San Antonio. Featuring bright spaces, fully-equipped kitchens, and spacious floor plans, the 1-, 2-, and 3-bedroom layouts will make your dream home come true.
On the pet-friendly grounds, you’ll find all you need for comfortable living, for just pennies on the dollar. Enjoy having a serene community courtyard and cozy lounge room to unwind and relax, a convenient resident elevator and on-site clothes care center to ease your daily chores and a fitness center at your fingertips. Take delight in knowing that they also have a business center and a children’s activity room, among others, available on-site, and relax knowing that this community provides a gated building with controlled access. All of the homes feature contemporary cabinetry and flooring, granite countertops, sky-high, nine-foot ceilings, and ample storage space, plus many other conveniences.
Close to Confluence Park, Fiesta Bakery, and Our Lady of the Lake University, among other local hotspots, the 323 W. Mitchell Street address gives you easy access to main thoroughfares such as Highway 281, I-35, I-37, and River Walk, making your everyday commute feel like a piece of cake. Rio Lofts-Modern Living. Moderately Priced.
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 Rio Lofts 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 |
|---|---|---|
| One Bedroom (1/1) | 658-693ft2 | Call for Price† |
| Two Bedroom (2/2) | 918-997ft2 | Call for Price† |
| Three Bedroom (3/2) | 1087-1168ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,450 / year | $21,100 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $30,750 / year | $35,150 / year | $39,550 / year | $43,900 / year | $47,450 / year | $50,950 / year |
| 50% AMI for PBRA Units | $30,750 / year | $35,150 / year | $39,550 / year | $43,900 / year | $47,450 / year | $50,950 / year |
| 60% AMI for LIHTC Units | $36,900 / year | $42,180 / year | $47,460 / year | $52,680 / year | $56,940 / year | $61,140 / year |
| 80% AMI for PBRA Units | $49,150 / year | $56,200 / year | $63,200 / year | $70,200 / year | $75,850 / year | $81,450 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Rio Lofts have a waiting list?
Rio Lofts 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 Rio Lofts?
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 Rio Lofts?
Rio Lofts is managed by The NRP Group LLC headquartered in Cleveland , Ohio.
In addition to Rio Lofts, how many other affordable housing properties (and units) are there in San Antonio?
In addition to Rio Lofts, 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 Rio Lofts listing last updated?
Rio Lofts listing on Affordable Housing Online was last updated on 12/07/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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Prepare to pay a fee to apply for units that accept Section 8 vouchers.
While there is no charge for Section 8 applications, a private landlord may charge a fee to apply for an available unit.Jacqueline Armstrong Sanders says:
"Affordable Housing Online is a great website to search for affordable housing nationwide."