3085 Highway 123, San Marcos, TX 78113
Waiting List Forecast: Likely Short or None
Verified for 2024 by Andrianna Gardner, Connor Bailey, Maggie Woolfork, Lorena Bentley, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,050 - 1,800 per Month† | 1 - 4 Beds | 1 - 2.5 Baths | 694 - 1,202 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.
Mission Trail is a stunning apartment community in San Marcos, Texas, developed and professionally managed by The Michaels Organization. With a wide variety of stylish 1-, 2-, 3-, and 4-bedroom floor plans and an array of thoughtfully curated community amenities, there's something for everyone! At Mission Trail, it is the mission to provide a meaningful, enjoyable, and affordable living experience that is one-of-a-kind.
The chic interior finishes feature modern décor lighting, plank wood flooring, granite counters set in open-concept kitchens, lighted ceiling fans in every room, spacious walk-in closets with convenient shelving, and expansive patios where you can sit back and relax after a long day. The community's expansive landscape incorporates outdoor courtyards, two interactive playscapes, the purr-fect pet park, and breathtaking views of the natural landscape that surrounds community. At the heart of it all, the Clubhouse is fitted with a multi-functional business center, welcoming lounge, hot coffee/tea bar, round-the-clock fitness center, and gorgeous, resort-style pool.
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 Mission Trail at El Camino Real 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 |
|---|---|---|
| One Bedroom (1/1) | 694ft2 | $1,050 $1,285† |
| Two Bedroom One Bathroom (2/1) | 826ft2 | $1,250 $1,390† |
| Two Bedroom Two Bathroom (2/2) | 830ft2 | $1,250 $1,390† |
| Three Bedroom (3/2) | 1142ft2 | $1,450 $1,675† |
| Four Bedroom (4/2.5) | 1202ft2 | $1,550 $1,800† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $40,900 / year | $46,750 / year | $52,600 / year | $58,400 / year | $63,100 / year | $67,750 / year | $72,450 / year | $77,100 / year |
| 50% AMI for PBRA Units | $40,900 / year | $46,750 / year | $52,600 / year | $58,400 / year | $63,100 / year | $67,750 / year | $72,450 / year | $77,100 / year |
| 60% AMI for LIHTC Units | $49,080 / year | $56,100 / year | $63,120 / year | $70,080 / year | $75,720 / year | $81,300 / year | $86,940 / year | $92,520 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Mission Trail at El Camino Real have a waiting list?
Mission Trail at El Camino Real 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 Mission Trail at El Camino Real?
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 Mission Trail at El Camino Real?
Mission Trail at El Camino Real is managed by The Michaels Organization headquartered in Camden, NJ.
In addition to Mission Trail at El Camino Real, how many other affordable housing properties (and units) are there in San Marcos?
In addition to Mission Trail at El Camino Real, we list 19 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 Mission Trail at El Camino Real listing last updated?
Mission Trail at El Camino Real listing on Affordable Housing Online was last updated on 01/24/2024 by Andrianna Gardner. 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
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