About This Property
Shady Shores Apts contains 40 low-income units in Lake Dallas, Texas, offering a mix of 16 one-bedroom and 24 two-bedroom homes. The property has been in service since 2000 and receives 9% Low-Income Housing Tax Credit financing. The community serves families, elderly residents, disabled individuals, and those experiencing homelessness.
Property Details
Fair Market Rent - Denton 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 | $1,426 |
| 1 Bedroom | $1,500 |
| 2 Bedroom | $1,758 |
| 3 Bedroom | $2,212 |
| 4 Bedroom | $2,847 |
Income Limits - Denton County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,700
- Very Low (50%)
- $31,150
- Low (80%)
- $49,850
- Extremely Low (30%)
- $21,400
- Very Low (50%)
- $35,600
- Low (80%)
- $57,000
- Extremely Low (30%)
- $24,050
- Very Low (50%)
- $40,050
- Low (80%)
- $64,100
- Extremely Low (30%)
- $26,700
- Very Low (50%)
- $44,500
- Low (80%)
- $71,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,100
- Low (80%)
- $76,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $51,650
- Low (80%)
- $82,600
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $55,200
- Low (80%)
- $88,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $58,750
- Low (80%)
- $94,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,700 | $31,150 | $49,850 |
| 2 Persons | $21,400 | $35,600 | $57,000 |
| 3 Persons | $24,050 | $40,050 | $64,100 |
| 4 Persons | $26,700 | $44,500 | $71,200 |
| 5 Persons | $31,040 | $48,100 | $76,900 |
| 6 Persons | $35,580 | $51,650 | $82,600 |
| 7 Persons | $40,120 | $55,200 | $88,300 |
| 8 Persons | $44,660 | $58,750 | $94,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lake Dallas, TX?+
The Fair Market Rent (FMR) for Denton County, TX is: $1426 (Studio), $1500 (1BR), $1758 (2BR), $2212 (3BR), $2847 (4BR). Actual rent at subsidized properties like Shady Shores Apts Fka Lakeway Colony is typically 30% of household income or less.
What size apartments are available at Shady Shores Apts Fka Lakeway Colony?+
Shady Shores Apts Fka Lakeway Colony offers the following unit types: 16 One-Bedroom, 24 Two-Bedroom units, for a total of 40 units.
How do I apply for housing at Shady Shores Apts Fka Lakeway Colony?+
Shady Shores Apts Fka Lakeway Colony 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 Denton County, TX?+
For a 4-person household in Denton County, TX, the income limits are: Extremely Low Income (30% AMI): $26,700, Very Low Income (50% AMI): $44,500, Low Income (80% AMI): $71,200. These limits are set by HUD and updated annually.
Who is eligible to live at Shady Shores Apts Fka Lakeway Colony?+
Shady Shores Apts Fka Lakeway Colony 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 Shady Shores Apts Fka Lakeway Colony?+
Shady Shores Apts Fka Lakeway Colony is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Lake Dallas, TX?+
Based on Fair Market Rent for Denton County, the estimated price range is: 1-bedroom: $1500, 2-bedroom: $1758. Actual rent at Shady Shores Apts Fka Lakeway Colony may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Shady Shores Apts Fka Lakeway Colony
Lakeside Manor Senior Community
Little Elm, TX
176 UnitsAutumn Oaks of Corinth
Corinth, TX
75 UnitsEvergreen At Lewisville Senior Apt Community
Lewisville, TX
218 UnitsLakeview Court
Little Elm, TX
24 UnitsPalladium Denton
Denton, TX
150 UnitsAshleyer Village Apts
Lake Dallas, TX
184 Units