Last updated on February 26th, 2018
Welcome to Parkview Gardens Townhomes, an affordable apartment community created for families like yours. Beautifully landscaped grounds offer a serene, peaceful atmosphere for you and your family to enjoy. With a sparkling pool and playground, there is activity for the whole family. One step inside of our distinctive 1, 2 and 3 bedroom apartment homes reveals spacious, comfortable floor plans that are highlighted by light and contemporary colors. With families in mind, Parkview Gardens Townhomes offers full-size washer and dryer connections as a standard feature along with energy efficient design. Discover our affordable lifestyle with the amenities you deserve.
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.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Tyler but actual income limits may differ for units at Parkview Gardens Townhouses.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$24,650||$28,200||$31,700||$35,200||$38,050||$40,850||$43,650||$46,500|
|Low Income (60%)||$29,580||$33,840||$38,040||$42,240||$45,660||$49,020||$52,380||$55,800|
Parkview Gardens Townhouses was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
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.
Parkview Gardens Townhouses is managed by Quest Asset Management.