Heritage Square Apatments

520 3rd Ave N, Texas City, Texas 77590

Heritage Square Apatments, located at 520 3rd Ave N in Texas City, has one and two bedroom apartments. Heritage Square Apatments participates in the Section 8 Project-Based Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

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Units

Unit (Bd/Ba) Ft2 Rent
Studio (1/1) - Income Based
1 Bedroom (1/1) - Income Based
2 Bedroom (2/1) - Income Based

Heritage Square Apatments Details

  • 50 one and two bedroom units.
  • Project-Based Rental Assistance
  • Senior (62+)

Property Amenities

  • Community Room
  • On-Site Parking
  • Emergency Pull Cord
  • Secured Entry
  • Laundry Facilities

Unit Amenities

  • Air Conditioning
  • Refrigerator
  • Bathroom Grab Bars
  • Stove
  • Private Patio/Balcony
  • Energy Efficient Appliances
  • Newly Remodeled Bathrooms

About Heritage Square Apatments

Enjoy quality, comfortable and affordable senior living for those over 62 years located in the heart of Texas City on Galveston Bay in the Houston metropolitan area. Heritage Square is home to an active senior community providing high - quality housing for our residents. Our vibrant community has a mix of studio, one- and two-bedroom apartment homes. All residences have central heating and air conditioning, as well as either a patio or balcony. Our residents enjoy a wide variety of amenities including a secure building, an outdoor pavilion surrounded by beautifully landscaped gardens, community room with kitchen, and on-site laundry facilities. Our professional staff looks forward to providing you with the highest standard of professional property management and are committed to improving the communities where we live and work. It's a great place to call home.

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Texas City HUD Rental Assistance Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $16,050 $18,350 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% $26,750 $30,550 $34,350 $38,150 $41,250 $44,300 $47,350 $50,400
80% $42,750 $48,850 $54,950 $61,050 $65,950 $70,850 $75,750 $80,600

Texas City Low Income Housing Tax Credit Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $26,750 $30,550 $34,350 $38,150 $41,250 $44,300 $47,350 $50,400
60% $32,100 $36,660 $41,220 $45,780 $49,500 $53,160 $56,820 $60,480

These general income qualifications for Texas City, Texas should only be used as a basic guide. To find out if you qualify, contact the community directly.

Heritage Square Apatments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Heritage Square Apatments has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Heritage Square Apatments is managed by Monroe Group Ltd..

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