1350 Wonder World Dr, San Marcos, TX 78666
Waiting List Forecast: Likely Short or None
Verified for 2024 by Amber Laird, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,200 - 1,425 per Month† | 2 - 3 Beds | 2 Baths | 1,036 - 1,292 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.
Asbury Place Townhomes offers 2-bedroom and 3-bedroom townhomes in San Marcos, TX. Each unit includes a split-level floor plan with large kitchens, ceiling fans, and a washer/dryer.The community is conveniently located near shopping, dining, and entertainment and with easy access to I-35 and Texas Hwy 123. On-site amenities include a fitness center, clubhouse, basketball court, and playground.
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 Asbury Place 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/2) | 1036ft2 | $1,200 $1,250† |
| Three Bedroom (3/2) | 1292ft2 | $1,375 $1,425† |
| AMI* | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $46,750 / year | $52,600 / year | $58,400 / year | $63,100 / year | $67,750 / year | $72,450 / year |
| 50% AMI for PBRA Units | $46,750 / year | $52,600 / year | $58,400 / year | $63,100 / year | $67,750 / year | $72,450 / year |
| 60% AMI for LIHTC Units | $56,100 / year | $63,120 / year | $70,080 / year | $75,720 / year | $81,300 / year | $86,940 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Asbury Place have a waiting list?
Asbury Place 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 Asbury Place?
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 Asbury Place?
Asbury Place is managed by The Michaels Organization headquartered in Camden, NJ.
In addition to Asbury Place, how many other affordable housing properties (and units) are there in San Marcos?
In addition to Asbury Place, we list 196 other affordable properties in San Marcos. Learn about these properties here. Our data research shows that there are a total of 3428 affordable units in San Marcos.
When was the Asbury Place listing last updated?
Asbury Place listing on Affordable Housing Online was last updated on 05/29/2024 by Amber Laird. Remember, a property's status can change so you should contact the property to confirm.
1430 Wonder World Dr., San Marcos, Texas 78666
1506 S. Interstate I-35, San Marcos, Texas 78666
3085 Highway 123, San Marcos, Texas 78113
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