Resources – Senior Income Based Apartments

Affordable Income Based Senior Apartments – Tax Credit Housing

What is it?

“Senior apartments that advertise the word ‘affordable’ are generally tax credit apartment communities aka Texas affordable senior apartments. You will also often see the words “Income Guidelines Apply or “Variable Pricing Structure.” Each tax credit senior apartment community has different income requirements so it’s important to ask when contacting them. Age restrictions for properties may vary from 50+, 55+ or 62+ depending on the property.

Income Guidelines vs. Variable Pricing Structure

Income Guidelines apply to affordable housing which can vary from 30 – 40 -50 – 60% of the area median income in the specific city in which to property is built. You need to determine which property and then that city has its federally established guidelines, for which your monthly income cannot exceed a certain amount, based on HH of 1 person or 2 persons or 3 persons.

Variable Pricing Structure meets the needs of BOTH affordable housing and MARKET RATE apartments that are offered on the same property. Market Rate units have no maximum income guidelines, and usually have upgrades (marble counter, upgraded sinks, tubs, hardware etc..)

Be sure to check with the property you’re considering as they can give you the specific guidelines for “affordable” or determine if market rate is your best option.”

Source: Elder Options of Texas

Who is it for?

These are Independent Living senior apartments. They typically do not provide meals, housekeeping or any type of medical services. However, you can work with an outside agency to bring those services into your apartment, just as you would at home.

Note:

Due to a very large demand for these apartments, you will probably find long wait lists anywhere from 6 months to 2 years.

Here are just a few of the Income Based Senior Apartments that I have found over the years.

Evergreen Senior Apartments

Plano – (972) 596-3900

Carrollton Arbor Hills – (972) 492-2500

The Colony Morning Star – (972) 370-0900

Rockwall – (469) 698-9393

Richardson – (972) 235-7800

Lewisville – (972) 956-8000

Vista Ridge – (214) 488-5650

Farmers Branch – (972) 406-2700

Hulen Bend – (817) 370-4400

Keller – (817) 741-6000

Tuscany Villas at Chase Oaks Plano– (972) 517-8500

Tuscany at Goldmark Dallas – (972) 664-9199

Villas at Raiford Carrollton– (972) 245-2288

Country Lane Fairview– (972) 569-8762

Country Lane Waxahachie –(972) 937-1037

Villas of Mission Bend Plano– (972) 867-2700

Hickory Manor Desoto – (972)283-2228

Courtyards at Kirenwood Desoto – 972-283-1500

Cobblestone Manor Fort Worth – (817) 277-9500

Lakeside Manor Little Elm – (972) 668-4000