301 N State Line Ave, Texarkana, TX 75501
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey, Lorena Bentley, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $696 - 889 per Month† | Studio - 2 Beds | 1 Bath | 520 - 850 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.
Located in the heart of Texarkana’s downtown, Lofts at the Grim offer studio, 1-bedroom and 2-bedroom apartment homes in the historic Hotel Grim building. Each unit features energy efficient appliances, large closets, high ceilings, luxury vinyl tile flooring, and an open floor plan. Community amenities include a business center, fitness center, event space, elevator, laundry room on every floor, and on-site maintenance.
Originally built in 1925, the Hotel Grim was a staple of the Texarkana community for 65-years before closing its doors in 1990. Now, Hotel Grim reopens its doors after more than 30 years as the newly renovated Lofts at the Grim, where contemporary comfort meets historical charm. Marble flooring, historical archways, and soaring high ceilings greet residents as they enter the main lobby.
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 Lofts at The Grim 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 |
|---|---|---|
| Studio (Studio/1) | 520ft2 | $696† |
| One Bedroom (1/1) | 655ft2 | $741† |
| Two Bedroom (2/1) | 850ft2 | $889† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year |
| 50% AMI for PBRA Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year |
| 60% AMI for LIHTC Units | $30,300 / year | $34,620 / year | $38,940 / year | $43,260 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Lofts at The Grim have a waiting list?
Lofts at The Grim 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 Lofts at The Grim?
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 Lofts at The Grim?
Lofts at The Grim is managed by Cohen Esrey headquartered in Overland Park, Kansas.
In addition to Lofts at The Grim, how many other affordable housing properties (and units) are there in Texarkana?
In addition to Lofts at The Grim, we list 14 other affordable properties in Texarkana. Learn about these properties here. Our data research shows that there are a total of 1338 affordable units in Texarkana.
When was the Lofts at The Grim listing last updated?
Lofts at The Grim listing on Affordable Housing Online was last updated on 01/25/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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