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Affordable Housing Option in Katy, TX: Villas Of Park Grove - Introduction: Searching for affordable housing? Look no further than Villas Of Park Grove in Katy, TX. These rental apartments are supported by the Low-Income Housing Tax Credit (LIHTC) program, offering a viable option for individuals seeking affordable living. - Income Restrictions and Program Benefits: LIHTC incentivizes builders and developers to provide housing for low-income individuals. As a result, the maximum rent charged is determined based on the Area Median Income (AMI). Please note that this may make the apartment unaffordable for some low-income individuals, depending on the AMI set for the area. - Rental Rates and Availability: Before making a decision, it's essential to check the current rental rates to determine affordability. With 120 low-income apartments available, waiting lists are common. Contact the Villas Of Park Grove directly to inquire about application possibilities and qualifications. - Office Hours: To facilitate communication, the office operates during specific hours: Mon - Fri: 8:30AM to 5:30PM Sat: 11:00AM to 3:00PM Sun: Closed - Application Process: When applying, remember that the income of all adults expected to reside at the apartment must be included and verified. For more information on the application requirements, please contact Villas Of Park Grove. Enhance your knowledge: Understanding LIHTC (Low-Income Tax Credit) Units for Rent. Call for more details regarding this program and its benefits.
600 Park Grove Ln, Katy, TX 77450
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