About This Property
The Residences at Overlook Ridge offers 30 low-income housing units in Canyon Lake, TX, serving families, elderly individuals, disabled residents, and formerly homeless persons. This property is funded through HOME program dollars and participates in the 9% Low-Income Housing Tax Credit program. The community provides affordable rental housing options in Comal County.
Property Details
Fair Market Rent - Comal 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 - Comal 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 Canyon Lake, TX?+
The Fair Market Rent (FMR) for Comal County, TX is: $1067 (Studio), $1197 (1BR), $1458 (2BR), $1846 (3BR), $2206 (4BR). Actual rent at subsidized properties like The Residences At Overlook Ridge is typically 30% of household income or less.
What are the income limits for affordable housing in Comal County, TX?+
For a 4-person household in Comal 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 is eligible to live at The Residences At Overlook Ridge?+
The Residences At Overlook Ridge primarily serves families, elderly residents, persons with disabilities, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages The Residences At Overlook Ridge?+
The Residences At Overlook Ridge is managed by . You can reach them at .
How do I apply for housing at The Residences At Overlook Ridge?+
The Residences At Overlook Ridge is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.