1430 Wonder World Dr., San Marcos, TX 78666
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,172 - 1,732 per Month† | 1 - 4 Beds | 1 - 2 Baths | - |
This property is currently under construction.
A brand new affordable community in San Marcos, TX. These apartments are located off I-35 and Wonder World Dr. This community offers 1-, 2-, 3-, and 4-bedroom floor plans to choose from with high-end amenities to fit every budget. Every apartment provides top- rated features and amenities like walk-in closets, faux-wood flooring, programmable thermostats, and a dishwasher and garbage disposal in the kitchen for added convenience. Residents are able to enjoy the The Riverstone Lounge with a business center, the sparkling swimming pool, playground, package lockers, and the state-of-the-art fitness center. These apartments are in a perfect location, right off major highway I-35, near major cities of San Antonio, Austin and New Braunfels. Riverstone is conveniently next to major employers, restaurants and shops to meet everyone’s needs .
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 Riverstone 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) | 873ft2 | $1,172† |
| Two Bedroom (2/2) | 1100ft2 | $1,328† |
| Three Bedroom (3/2) | 1277-1591ft2 | $1,488† |
| Four Bedroom (4/2) | 1620ft2 | $1,732† |
| 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 Riverstone have a waiting list?
Riverstone 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 Riverstone?
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 Riverstone?
Riverstone is managed by Solidago Residential Services headquartered in Austin, TX.
In addition to Riverstone, how many other affordable housing properties (and units) are there in San Marcos?
In addition to Riverstone, 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 Riverstone listing last updated?
Riverstone listing on Affordable Housing Online was last updated on 02/08/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
1506 S. Interstate I-35, San Marcos, Texas 78666
3085 Highway 123, San Marcos, Texas 78113
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