1725 S. FM Rd. 1417, Sherman, TX 75092
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $876 - 1,051 per Month† | 1 - 2 Beds | 1 - 2 Baths | 700 - 900 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.
Park Manor Senior Apartments offers beautiful 1- and 2-bedroom apartments in Sherman Texas for seniors 55 and better. The rural wooded, park-like setting provides a peaceful retreat, while still being conveniently located to shops, restaurants, and more.
These senior apartments include wood laminate flooring, granite countertops, built-in microwaves, full-size washer & dryers, and huge walk-in closets. In addition, Park Manor offers on-site professional management, 24-hour emergency maintenance, garages and carports, a refreshing swimming pool, a fitness center, and a hot tub. Residents gather for events and activities in the clubhouse with a fireplace, TV, and kitchen.
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 Park Manor 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) | 700ft2 | $876† |
| Two Bedroom One Bath (2/1) | 820ft2 | $1,051† |
| Two Bedroom Two Bath (2/2) | 900ft2 | $1,051† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $28,850 / year | $33,000 / year | $37,100 / year | $41,200 / year |
| 50% AMI for PBRA Units | $28,850 / year | $33,000 / year | $37,100 / year | $41,200 / year |
| 60% AMI for LIHTC Units | $34,620 / year | $39,600 / year | $44,520 / year | $49,440 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Park Manor have a waiting list?
Park Manor 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 Park Manor?
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 Park Manor?
Park Manor is managed by Dominium headquartered in Plymouth, MN.
In addition to Park Manor, how many other affordable housing properties (and units) are there in Sherman?
In addition to Park Manor, we list 50 other affordable properties in Sherman. Learn about these properties here. Our data research shows that there are a total of 774 affordable units in Sherman.
When was the Park Manor listing last updated?
Park Manor listing on Affordable Housing Online was last updated on 04/15/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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