4822 Fairway Blvd, Wichita Falls, TX 76310
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 2 Baths | 990 - 1,170 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Cascade Villas offer 2-bedroom and 3-bedroom apartment homes with large open floor plans. Each unit comes cable ready and features a fully equipped kitchen, dishwasher, ceiling fans, private patio or balcony, and full-size washer/dryer included. Property amenities include a clubhouse, library with computers, fitness center, playground, picnic areas with grills, and 24-hour emergency maintenance. Cascade Villas offers easy highway access and is closed to schools.
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 Cascade Villas 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 |
|---|---|---|
| Two Bedroom (2/2) | 990ft2 | Call for Price† |
| Three Bedroom (3/2) | 1170ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $28,050 / year | $32,050 / year | $36,050 / year | $40,050 / year | $43,300 / year | $46,500 / year |
| 50% AMI for PBRA Units | $28,050 / year | $32,050 / year | $36,050 / year | $40,050 / year | $43,300 / year | $46,500 / year |
| 60% AMI for LIHTC Units | $33,660 / year | $38,460 / year | $43,260 / year | $48,060 / year | $51,960 / year | $55,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cascade Villas have a waiting list?
Cascade Villas 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 Cascade Villas?
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 Cascade Villas?
Cascade Villas is managed by Wilhoit Properties headquartered in Springfield, MO.
In addition to Cascade Villas, how many other affordable housing properties (and units) are there in Wichita Falls?
In addition to Cascade Villas, we list 20 other affordable properties in Wichita Falls. Learn about these properties here. Our data research shows that there are a total of 2362 affordable units in Wichita Falls.
When was the Cascade Villas listing last updated?
Cascade Villas listing on Affordable Housing Online was last updated on 10/11/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
Know your rights as a Section 8 tenant.
Some states and local governments have laws that protect renters with a Section 8 voucher who are looking for an available unit. Check your local laws.Theodore Taylor Jr. says:
"Affordable Housing Online is the on website that really helps you get affordable housing."