Paddock At Norwood Apartments Austin

About This Building

Title: Paddock At Norwood Austin - Affordable and Accessible Housing in Austin, TX Section 1: Overview Paddock At Norwood Austin is a residential complex in Austin, TX that offers Low-Income Housing Tax Credit (LIHTC) apartments. These rental apartments are designed to provide affordable housing options for individuals and families with limited income. Section 2: Pricing and Eligibility As of May 2019, the apartments at Paddock At Norwood Austin were priced between $969.00 and $1339.00. The rental rates are determined based on the Area Median Income (AMI), and the LIHTC program ensures that the applicable program rent and income restrictions are in place. Please note that the AMI may make these apartments unaffordable for some low-income individuals. Section 3: Size and Availability There are a total of 228 low-income apartments available at Paddock At Norwood Austin. However, it is important to be aware that most apartments have waiting lists. To inquire about availability and eligibility, please contact the complex directly using the provided contact number. Section 4: Understanding LIHTC The LIHTC program incentivizes builders and developers to create affordable housing options for individuals with low income. By offering tax credits, the program aims to address the housing needs of the community. It is crucial to familiarize yourself with the principles of LIHTC if you are looking for affordable rental units. Section 5: Rental Application and Verification To apply for an apartment at Paddock At Norwood Austin, the income of all adults who will be residing in the unit must be included and verified during the application process. For more details on the application process and eligibility criteria, please contact the complex directly. Section 6: Apartment Options Paddock At Norwood Austin offers 1 bedroom, 2 bedroom, and 3 bedroom apartments. The availability of each unit type may vary, so it is advisable to check with the complex for more information on the specific options available. Note: The text has been rewritten to provide a different structure and wording, while conveying the same information as the original text.