1212 W Center St, Sherman, TX 75092
Waiting List Forecast: Likely Short or None
Verified for 2018 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 648 - 852 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.
Villas of Sherman is a community where comfort, convenience await you in a beautifully designed community exclusively for independent seniors 62 years and better. Each residence in the unique 124-unit, single-story community is built to provide spacious comfort and sense of individuality. Careful attention has been given to the design of each building to meet the needs of independent active seniors. Our friendly and knowledgeable staff is here to help make your stay an enriching and comfortable experience. Villas of Sherman is a community that seniors call 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 Villas of Sherman 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) | 648ft2 | Call for Price† |
| Two Bedroom (2/1) | 852ft2 | Call for Price† |
| 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 Villas of Sherman have a waiting list?
Villas of Sherman 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 Villas of Sherman?
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 Villas of Sherman?
Villas of Sherman is managed by Quest Asset Management headquartered in Dallas, Texas.
In addition to Villas of Sherman, how many other affordable housing properties (and units) are there in Sherman?
In addition to Villas of Sherman, 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.
Check your waiting list status occasionally.
If you request it, housing agencies are required to confirm if you are still on a waiting list, and some may also state your current position.Marla Senter says:
"Affordable Housing Online is the most cohesive and correct information on housing out there online or off."