Magnolia Acres

About This Building

Title: Affordable Housing Opportunity in Magnolia Acres, Angleton, TX Introduction: Welcome to Magnolia Acres, a Low-Income Housing Tax Credit apartment complex located in Angleton, TX. If you are in search of an affordable housing option, look no further. Our rental apartments are supported by the LIHTC program, which ensures that they meet the necessary rent and income restrictions. Incentivizing Affordable Housing: The LIHTC program promotes the development of affordable housing for low-income individuals by offering incentives to builders and developers. This ensures that maximum rent charges are based on the Area Median Income (AMI), which can sometimes make our apartments unaffordable for low-income individuals. Therefore, we encourage you to check the current rental rates to determine affordability for yourself. Range of Apartments: Magnolia Acres offers a total of 67 one-bedroom apartments designed to cater to low-income individuals. As the demand for affordable housing is high, many apartments have waiting lists. To streamline the application process, we provide direct contact information. Please reach out to us to check if you qualify and apply for residency. HUD Subsidies Accepted: For those eligible for low-income housing, Magnolia Acres gladly accepts HUD subsidies. If you qualify and there are available apartments, the rent will be calculated based on 30% of your Adjusted Gross Income. Please contact us for further details regarding this option. Conclusion: If affordable, well-maintained one-bedroom apartments are what you seek, Magnolia Acres in Angleton, TX is the place for you. With our commitment to providing housing options to low-income individuals, we invite you to explore the possibilities of calling this place home. Reach out to us today to learn more and take the first step towards securing affordable housing in our community.