Villas of Sherman

1212 W Center St, Sherman, TX 75092

Waiting List Forecast: Likely Short or None

check_circleVerified for 2018 by Joshua Cappell
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 Bath 648 - 852 Sq Ft
check_circle  Senior (62+)
check_circle  Accessible Units
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Pets Allowed
check_circle  Market Rate
check_circle  Affordable

Waitlist Forecast

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. 

Dave's Thoughts On Villas of Sherman

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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Villas of Sherman Amenities

  • Pool
  • Covered Parking
  • Gated Community
  • Handicapped Accessible
  • 24 Hour Maintenance
  • Full-Size Washer & Dryer Connections

Units at Villas of Sherman

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 648ft2 Call for Price
Two Bedroom (2/1) 852ft2 Call for Price

Income Qualification for Villas of Sherman

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
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.

FAQs for Villas of Sherman

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.

Listings Near Villas of Sherman

RIVER RANCH APARTMENTS

303 S FM 1417, Sherman, Texas 75092

bed 2
payment $1034/mo.

Castle Hill Apartments

2700 S Travis St, Sherman, Texas 75090

bed Studio-2
payment $803-1097/mo.

Travis Park RGLLC

826 S Travis St, Sherman, Texas 75090

bed 2
payment $1200/mo.

Raintree

800 S FM 1417, Sherman, Texas 75092

bed 1-2
payment $895-1020/mo.

Northridge Villas

3013 N Northridge Dr, Sherman, Texas 75090

bed 1-2
payment $950-1030/mo.

23Hundred

2300 W Taylor St, Sherman, Texas 75092

bed 1-2
payment $882-1068/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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