Red Oaks Waco

About This Building

Affordable Housing Option in Waco, Texas - Red Oaks Waco Overview: Red Oaks Waco is a specially designated Low-Income Housing Tax Credit apartment located in the heart of Waco, TX. These rental apartments have been established to provide affordable housing options to individuals and families who meet the applicable program rent and income restrictions. LIHTC Incentives: The Low-Income Housing Tax Credit (LIHTC) program offers incentives to builders and developers, encouraging them to create and manage affordable housing options for low-income individuals. Under this program, the maximum rent charged is determined based on the area's Median Income (AMI). However, it is essential to note that this AMI factor may render the apartments unaffordable to some low-income individuals. Rental Rates: To determine whether this apartment complex aligns with your budget, it is advisable to check the current rental rates. Considering that most apartments these days have waiting lists, it is crucial to gather all relevant details before making a decision. Contact Red Oaks Waco directly at the provided number to inquire about availability and assess your eligibility to apply for residency. Apartment Availability: Red Oaks Waco offers a total of 64 low-income apartments, ensuring a moderate-sized community that fosters a sense of belonging. This limited availability further emphasizes the importance of reaching out and initiating communication promptly. Income Verification: When applying for residency, it is essential to include and verify the income of all adults expected to reside in the apartment. Ensure you have all the necessary documents and call for more details to streamline the application process. Apartment Types: Red Oaks Waco provides both 2-bedroom and 3-bedroom apartment options, catering to various housing needs and preferences. Evaluate your requirements and choose the one that suits you best. By providing this comprehensive listing, we aim to empower individuals and families seeking affordable housing options. Remember, knowledge about LIHTC units for rent assists in making informed decisions and improves your chances of finding a suitable living arrangement at Red Oaks Waco.