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Affordable Housing Option in Houston, TX: Travis Street Plaza Apartments Introduction: Travis Street Plaza Apartments, situated in Houston, TX, offers a Low-Income Housing Tax Credit (LIHTC) apartment solution for individuals seeking affordable housing options. Supported by the LIHTC program, these rental apartments adhere to specific rent and income restrictions. Incentives for Affordable Housing: The LIHTC program provides incentives to builders and developers to contribute to the provision of affordable housing for low-income individuals. To ensure affordability, the maximum rent charged is determined by the Area Median Income (AMI). Potential Affordability Concerns: Due to the AMI-based rent structure, it is important to note that this apartment might still be unaffordable for low-income individuals. Hence, it is recommended to review the current rental rates to assess affordability. Apartment Details: Travis Street Plaza Apartments comprises 192 low-income apartments. As the demand for affordable housing is high, there might be waiting lists associated with these apartments. To determine your eligibility and inquire about the application process, kindly contact the provided number directly. Important Considerations: 1. LIHTC Units for Rent: Familiarize yourself with the concept of Low-Income Tax Credit units for rent to better understand the apartment's eligibility criteria. 2. Income Verification: During the application process, it is mandatory to include and verify the income of all adults expected to reside in the apartment. For more specific details, kindly reach out for additional information. Conclusion: Travis Street Plaza Apartments stands as an attractive, affordable housing option in Houston, TX. By benefiting from the LIHTC program, these apartments strive to accommodate the needs of low-income individuals. Contact the provided number to gather more information and see if this opportunity aligns with your requirements.
4500 Travis St, Houston, TX 77002
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