11251 Socorro Road, Socorro, TX 79927
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 4 Beds | 1 Bath | - |
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.
Located in Socorro Texas, Socorro Palms offers a feeling of serene tranquility right at the edge of city life. Only minutes from shopping, eateries, and entertainment Socorro Palms is where you’ll want to be if you are looking for a breath of fresh air. This 152 unit community offers quality living at affordable prices. All units come fully tiled, equipped with washer and dryer, and fully furnished kitchen appliances. The community also provides a children’s playground, basketball court, and five gazebos outfitted with barbeque pits and picnic benches throughout the property. The community also offers support services FREE to all residents: Homebuyer Counseling, Financial Literacy, FREE GED classes, and ESL (English as a Second Language) training.
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 Socorro Palms 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) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1) | - | Call for Price† |
| Four Bedroom (4/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year | $38,950 / year | $41,850 / year | $44,750 / year | $47,600 / year |
| 50% AMI for PBRA Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year | $38,950 / year | $41,850 / year | $44,750 / year | $47,600 / year |
| 60% AMI for LIHTC Units | $30,300 / year | $34,620 / year | $38,940 / year | $43,260 / year | $46,740 / year | $50,220 / year | $53,700 / year | $57,120 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Socorro Palms have a waiting list?
Socorro Palms 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 Socorro Palms?
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 Socorro Palms?
Socorro Palms is managed by Tropicana Properties headquartered in El Paso, Texas.
In addition to Socorro Palms, how many other affordable housing properties (and units) are there in Socorro?
In addition to Socorro Palms, we list 15 other affordable properties in Socorro. Learn about these properties here. Our data research shows that there are a total of 601 affordable units in Socorro.
When was the Socorro Palms listing last updated?
Socorro Palms listing on Affordable Housing Online was last updated on 11/14/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
11492 Summer Dr, Socorro, Texas 79927
148 Buford Rd, Socorro, Texas 79927
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