About This Property
Shady Shores Apartments comprises 40 low-income residential units in Lake Dallas, Texas, serving families, elderly, disabled, and homeless populations. The property includes 16 one-bedroom and 24 two-bedroom units and has been in service since 2000. The development utilizes 9% Low-Income Housing Tax Credits to provide affordable housing options in Denton County.
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.
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 manages Shady Shores Apts (Fka Lakeway Colony)?+
Shady Shores Apts (Fka Lakeway Colony) is managed by . You can reach them at .
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.
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 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.
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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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