About This Property
Friendship Place comprises 76 low-income rental units in Fredericksburg, Gillespie County, with a unit mix of 16 one-bedroom, 36 two-bedroom, and 24 three-bedroom apartments. The property was placed in service in 2006 and utilizes 9% Low-Income Housing Tax Credits to support affordability. The community is managed by an experienced property management team.
Property Details
Fair Market Rent - Gillespie 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 | $959 |
| 1 Bedroom | $966 |
| 2 Bedroom | $1,269 |
| 3 Bedroom | $1,783 |
| 4 Bedroom | $1,886 |
Income Limits - Gillespie County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,550
- Very Low (50%)
- $25,900
- Low (80%)
- $41,400
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,600
- Low (80%)
- $47,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,300
- Low (80%)
- $53,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,950
- Low (80%)
- $59,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,950
- Low (80%)
- $63,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,900
- Low (80%)
- $68,600
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,850
- Low (80%)
- $73,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,800
- Low (80%)
- $78,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,550 | $25,900 | $41,400 |
| 2 Persons | $17,750 | $29,600 | $47,300 |
| 3 Persons | $21,960 | $33,300 | $53,200 |
| 4 Persons | $26,500 | $36,950 | $59,100 |
| 5 Persons | $31,040 | $39,950 | $63,850 |
| 6 Persons | $35,580 | $42,900 | $68,600 |
| 7 Persons | $40,120 | $45,850 | $73,300 |
| 8 Persons | $44,660 | $48,800 | $78,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fredericksburg, TX?+
The Fair Market Rent (FMR) for Gillespie County, TX is: $959 (Studio), $966 (1BR), $1269 (2BR), $1783 (3BR), $1886 (4BR). Actual rent at subsidized properties like Friendship Place is typically 30% of household income or less.
What size apartments are available at Friendship Place?+
Friendship Place offers the following unit types: 16 One-Bedroom, 36 Two-Bedroom, 24 Three-Bedroom units, for a total of 76 units.
How do I apply for housing at Friendship Place?+
Friendship Place 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 Gillespie County, TX?+
For a 4-person household in Gillespie County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,950, Low Income (80% AMI): $59,100. These limits are set by HUD and updated annually.
Who manages Friendship Place?+
Friendship Place is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Fredericksburg, TX?+
Based on Fair Market Rent for Gillespie County, the estimated price range is: 1-bedroom: $966, 2-bedroom: $1269, 3-bedroom: $1783. Actual rent at Friendship Place may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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