616 League St. S. , Sulphur Springs, TX 75482
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $788 - 940 per Month† | 1 - 2 Beds | 1 - 2 Baths | 715 - 909 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.
Reserve at Sulphur Springs features a beautiful community comprised of 1- and 2-bedroom apartment homes designed exclusively for residents 55 and over. Each spacious floor plan includes modern amenities you would expect to find in a luxury home, at affordable rental rates: a fully-equipped gourmet kitchen with energy-efficient appliances and exceptional closet space. The community room provides comforts of contemporary living which include a kitchen & dining area. The building is smoke-free & environmentally friendly. Reserve at Sulphur Springs is the community you have been waiting for!
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 Reserve at Sulphur Springs 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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) | 715ft2 | $788† |
| Two Bedroom (2/2) | 909ft2 | $940† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $15,650 / year | $19,720 / year | $24,860 / year | $30,000 / year |
| 50% AMI for LIHTC Units | $26,050 / year | $29,750 / year | $33,450 / year | $37,150 / year |
| 50% AMI for PBRA Units | $26,050 / year | $29,750 / year | $33,450 / year | $37,150 / year |
| 60% AMI for LIHTC Units | $31,260 / year | $35,700 / year | $40,140 / year | $44,580 / year |
| 80% AMI for PBRA Units | $41,650 / year | $47,600 / year | $53,550 / year | $59,450 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Reserve at Sulphur Springs have a waiting list?
Reserve at Sulphur Springs 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 Reserve at Sulphur Springs?
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 Reserve at Sulphur Springs?
Reserve at Sulphur Springs is managed by Pivotal (formally MVAH Partners) headquartered in West Chester, OH.
In addition to Reserve at Sulphur Springs, how many other affordable housing properties (and units) are there in Sulphur Springs?
In addition to Reserve at Sulphur Springs, we list 13 other affordable properties in Sulphur Springs. Learn about these properties here. Our data research shows that there are a total of 359 affordable units in Sulphur Springs.
When was the Reserve at Sulphur Springs listing last updated?
Reserve at Sulphur Springs listing on Affordable Housing Online was last updated on 01/31/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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