12955 Fischer Rd., Von Ormy, TX 78073
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $864 - 1,309 per Month† | 1 - 4 Beds | 1 - 2 Baths | - |
This property is currently under construction.
At Bristol at Somerset, residents enjoy 1-, 2-, 3-, and a limited amount of 4-bedroom homes equipped with modern energy star appliances and premium finishes throughout the home. This new community boasts amenities such as a refreshing swimming pool, business center, play area, BBQ and picnic areas and a sport court. Neighbors at Bristol enjoy the quiet and serene setting of Von Ormy, and the private patios are the perfect place to take in the fresh air!
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 Bristol at Somerset 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) | 761-762ft2 | $864† |
| Two Bedroom (2/2) | 982ft2 | $1,029† |
| Three Bedroom (3/2) | 1202-1229ft2 | $1,181† |
| Four Bedroom (4/2) | 1351ft2 | $1,309† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $30,750 / year | $35,150 / year | $39,550 / year | $43,900 / year | $47,450 / year | $50,950 / year | $54,450 / year | $57,950 / year |
| 50% AMI for PBRA Units | $30,750 / year | $35,150 / year | $39,550 / year | $43,900 / year | $47,450 / year | $50,950 / year | $54,450 / year | $57,950 / year |
| 60% AMI for LIHTC Units | $36,900 / year | $42,180 / year | $47,460 / year | $52,680 / year | $56,940 / year | $61,140 / year | $65,340 / year | $69,540 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Bristol at Somerset have a waiting list?
Bristol at Somerset 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 Bristol at Somerset?
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 Bristol at Somerset?
Bristol at Somerset is managed by Home Spring Residential Services headquartered in San Antonio, Texas.
In addition to Bristol at Somerset, how many other affordable housing properties (and units) are there in Bexar County?
In addition to Bristol at Somerset, we list 667 other affordable properties in Bexar County. Learn about these properties here. Our data research shows that there are a total of 37194 affordable units in Bexar County.
When was the Bristol at Somerset listing last updated?
Bristol at Somerset listing on Affordable Housing Online was last updated on 04/03/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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Having some marks on your rental history will not disqualify you from federal housing, but be prepared to explain situations like an eviction.Tamisha Smith says:
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