About This Property
Casitas De Merced provides 40 low-income units in Somerset, TX, with a mix of 16 studio, 16 one-bedroom, and 8 two-bedroom apartments. The property has been in service since 1997 and utilizes 9% Low-Income Housing Tax Credits to support affordability. Financing and management details are available upon inquiry.
Property Details
Fair Market Rent - Bexar County, TX
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,067 |
| 1 Bedroom | $1,197 |
| 2 Bedroom | $1,458 |
| 3 Bedroom | $1,846 |
| 4 Bedroom | $2,206 |
Income Limits - Bexar County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,600
- Very Low (50%)
- $25,950
- Low (80%)
- $41,550
- Extremely Low (30%)
- $17,800
- Very Low (50%)
- $29,650
- Low (80%)
- $47,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,350
- Low (80%)
- $53,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,050
- Low (80%)
- $59,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,050
- Low (80%)
- $64,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,000
- Low (80%)
- $68,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,950
- Low (80%)
- $73,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,950
- Low (80%)
- $78,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,600 | $25,950 | $41,550 |
| 2 Persons | $17,800 | $29,650 | $47,450 |
| 3 Persons | $21,960 | $33,350 | $53,400 |
| 4 Persons | $26,500 | $37,050 | $59,300 |
| 5 Persons | $31,040 | $40,050 | $64,050 |
| 6 Persons | $35,580 | $43,000 | $68,800 |
| 7 Persons | $40,120 | $45,950 | $73,550 |
| 8 Persons | $44,660 | $48,950 | $78,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Somerset, TX?+
The Fair Market Rent (FMR) for Bexar County, TX is: $1067 (Studio), $1197 (1BR), $1458 (2BR), $1846 (3BR), $2206 (4BR). Actual rent at subsidized properties like Casitas De Merced is typically 30% of household income or less.
What size apartments are available at Casitas De Merced?+
Casitas De Merced offers the following unit types: 16 Studio, 16 One-Bedroom, 8 Two-Bedroom units, for a total of 40 units.
What is the price range for apartments in Somerset, TX?+
Based on Fair Market Rent for Bexar County, the estimated price range is: 1-bedroom: $1197, 2-bedroom: $1458. Actual rent at Casitas De Merced may be lower for income-eligible households.
How do I apply for housing at Casitas De Merced?+
Casitas De Merced is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What are the income limits for affordable housing in Bexar County, TX?+
For a 4-person household in Bexar County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,050, Low Income (80% AMI): $59,300. These limits are set by HUD and updated annually.
Who manages Casitas De Merced?+
Casitas De Merced is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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