2616 S. 12 St., Waco, TX 76706
Waiting List Forecast: Closed
Verified for 2024 by Connor Bailey, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 4 Beds | 1 - 2 Baths | - |
South Terrace Apartments, Rental Assistance Demonstration (RAD) Waiting List
The Waco Housing Authority and Associates (WHAA) last accepted Rental Assistance Demonstration (RAD) waiting list applications for South Terrace Apartments from an unconfirmed open date, until January 4, 2024. There is no notice when this waiting list will reopen.
This waiting list was for the following property:
To apply while the waitlist was open, applicants were required to complete the online application.
Selected applicants were placed on the waiting list by date and time the application was received, weighed by order of preferences.
For more information, visit the WHAA website.
Sources: This information was verified by the WHAA public notice on January 23, 2024.
Go to the public housing authority page for this waiting list >>
South Terrace Apartments have designed a community that will fit all of your needs. Ideally located in the heart of Waco, Texas, near the Magnolia Marketplace and Baylor University, with plenty of nearby shopping, dining, and entertainment.
Exciting renovations are underway to fulfill the vision of creating a community that will provide you with all of the convenient features you need, and all of the comfortable and modern touches you’ve been searching for. Upgraded apartment homes will feature new appliances, countertops, cabinetry, flooring, and fixtures. Newly renovated community amenities will include a fitness center, cyber cafe, and indoor and outdoor recreation areas. This is a pet friendly community, so be sure to bring your furry friends along!
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 South Terrace Apartments 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1.5) | - | Call for Price† |
| Four Bedroom (4/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $15,550 / year | $19,720 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $48,850 / year |
| 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 |
| 80% AMI for PBRA Units | $41,450 / year | $47,400 / year | $53,300 / year | $59,200 / year | $63,950 / year | $68,700 / year | $73,450 / year | $78,150 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does South Terrace Apartments have a waiting list?
South Terrace Apartments has a waiting list. See above for waiting list details.
Are rents subsidized at South Terrace Apartments?
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 South Terrace Apartments?
South Terrace Apartments is managed by Allied Orion Group headquartered in Houton, TX.
In addition to South Terrace Apartments, how many other affordable housing properties (and units) are there in Waco?
In addition to South Terrace Apartments, we list 17 other affordable properties in Waco. Learn about these properties here. Our data research shows that there are a total of 2892 affordable units in Waco.
When was the South Terrace Apartments listing last updated?
South Terrace Apartments listing on Affordable Housing Online was last updated on 02/08/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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.Margaret L. Bost says:
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