901 John Stockbauer Dr., Victoria, TX 77901
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $345 - 1,295 per Month† | 1 - 2 Beds | 1 Bath | - |
This project has been funded and will begin construction soon.
The Victorian is an upcoming affordable apartment community that will offer 1- and 2-bedroom units for residents aged 55+. This community will offer many residential amenities including a swimming pool, community room, business center, and a fitness center.
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 The Victorian 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) | - | $345 $995† |
| Two Bedroom (2/1) | - | $407 $1,295† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $25,650 / year | $29,300 / year | $32,950 / year | $36,600 / year |
| 50% AMI for PBRA Units | $25,650 / year | $29,300 / year | $32,950 / year | $36,600 / year |
| 60% AMI for LIHTC Units | $30,780 / year | $35,160 / year | $39,540 / year | $43,920 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Victorian have a waiting list?
The Victorian 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 The Victorian?
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 The Victorian?
The Victorian is managed by Realtex Development Corporation headquartered in Austin, TX.
In addition to The Victorian, how many other affordable housing properties (and units) are there in Victoria?
In addition to The Victorian, we list 29 other affordable properties in Victoria. Learn about these properties here. Our data research shows that there are a total of 1537 affordable units in Victoria.
When was the The Victorian listing last updated?
The Victorian listing on Affordable Housing Online was last updated on 04/23/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
5609 John Stockbauer Dr, Victoria, Texas 77904
702 Salem Rd, Victoria, Texas 77904
Housing options for families with immigrants.
If the head of household is a citizen or eligible immigrant, you can still qualify for HUD programs with a citizenship requirement.Cha'Von Shawntaye Nichole says:
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