1502 S Ih 35 San Marcos

About This Building

Affordable Housing Option in San Marcos, TX at 1502 S Ih 35 Introduction: Discover an affordable housing option in the vibrant city of San Marcos, Texas. Nestled at 1502 S Ih 35, this Low-Income Housing Tax Credit (LIHTC) apartment offers a range of rental apartments designed to support individuals and families with limited financial resources. LIHTC and Affordable Housing: Supported by the LIHTC program, our rental apartments are part of a community-driven initiative to provide affordable housing to low-income individuals. Builders and developers are incentivized to participate, ensuring a conducive living environment for those in need. Program Rent and Income Restrictions: To maintain the affordability of these apartments, we implement program rent and income restrictions. These limitations are based on the Area Median Income (AMI), which determines the maximum rent that can be charged. However, it's essential to be aware that the AMI may still make this apartment unaffordable for some low-income individuals. Checking Affordability: We encourage prospective residents to check the current rental rates, ensuring that our apartments align with their financial capabilities. It's crucial to evaluate whether this housing option suits your budgetary needs. 135 Low-Income Apartments: At our location, we feature a total of 135 low-income apartments. Such availability is often in high demand, and waiting lists are common. However, we provide the necessary contact information so you can reach out directly to assess your eligibility and explore the application process. Understanding LIHTC (Low Income Tax Credit) Units: For individuals considering LIHTC units, it's important to note that all income from the adults expected to reside in the apartment must be included and verified during the application process. This ensures transparency and compliance with program requirements. Additional details can be obtained by calling our dedicated team. Conclusion: If you seek affordable housing in San Marcos, TX, we invite you to consider our LIHTC apartment complex at 1502 S Ih 35. Our commitment to providing a sustainable and prosperous community for low-income individuals makes us a great option to explore. Contact us today to learn more about our rental rates and eligibility criteria.