707 SE Loop 410, San Antonio, TX 78220
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,070 - 1,640 per Month† | 1 - 4 Beds | 1 - 2 Baths | - |
This property is currently under construction.
Looking for luxury, affordable apartments in the east area of San Antonio? Conveniently located off SE Loop 410, Seven07 Lofts offers the relaxed and rewarding lifestyle you're looking for, combining outstanding design, a host of top-notch amenities all set in the park-like landscapes of this gated community, complete with a luxurious, resort-style pool and 24-hour fitness center.
At Seven07 Lofts, you're a quick drive away from the AT&T Center, Freeman Coliseum, Copernicus and Martin Luther King Park, St. Philips College, the San Antonio Riverwalk, The Alamo and the vibrant cultural scene of San Antonio! Coveted location, carefree living, and unmatched amenities all work together to create a lovely private respite. You may never want to leave home.
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 Seven 07 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) | 656ft2 | $1,070† |
| Two Bedroom (2/2) | 900ft2 | $1,281† |
| Three Bedroom (3/2) | 1050-1116ft2 | $1,478† |
| Four Bedroom (4/2) | 1324-1378ft2 | $1,547 $1,640† |
| 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 Seven 07 Lofts have a waiting list?
Seven 07 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 Seven 07 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 Seven 07 Lofts?
Seven 07 Lofts is managed by The NRP Group LLC headquartered in Cleveland , Ohio.
In addition to Seven 07 Lofts, how many other affordable housing properties (and units) are there in San Antonio?
In addition to Seven 07 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 Seven 07 Lofts listing last updated?
Seven 07 Lofts listing on Affordable Housing Online was last updated on 02/09/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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