4800 Memorial Dr., Waco, TX 76711
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio Bed | 1 Bath | - |
This property is currently under construction.
Freedom's Path Waco is an adaptive reuse development of three historic structures on the Doris Miller VA campus and the new construction of one residential building and one community center to create a total of 34 efficiency units of housing for the targeted population. This project involves the historic renovation, adaptive re-use of three buildings on the Doris Miller VAMC campus to create 26 studio apartments. The project also includes 8 new construction units and a new multi-purpose community building.
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 Freedom's Path Waco 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 |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $25,900 / year | $29,600 / year | $33,300 / year | $37,000 / year | $40,000 / year | $42,950 / year | $45,900 / year | $48,850 / year |
| 50% AMI for PBRA Units | $25,900 / year | $29,600 / year | $33,300 / year | $37,000 / year | $40,000 / year | $42,950 / year | $45,900 / year | $48,850 / year |
| 60% AMI for LIHTC Units | $31,080 / year | $35,520 / year | $39,960 / year | $44,400 / year | $48,000 / year | $51,540 / year | $55,080 / year | $58,620 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Freedom's Path Waco have a waiting list?
Freedom's Path Waco 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 Freedom's Path Waco?
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.
In addition to Freedom's Path Waco, how many other affordable housing properties (and units) are there in Waco?
In addition to Freedom's Path Waco, we list 74 other affordable properties in Waco. Learn about these properties here. Our data research shows that there are a total of 2956 affordable units in Waco.
When was the Freedom's Path Waco listing last updated?
Freedom's Path Waco listing on Affordable Housing Online was last updated on 04/09/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
2525 E Lake Shore Dr, Waco, Texas 76705
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