About This Property
Friendship Place offers 76 low-income residential units in Fredericksburg, Texas, with a mix of one-bedroom, two-bedroom, and three-bedroom floor plans. The property has been in service since 2006 and is financed through 9% Low-Income Housing Tax Credits. The community includes 16 one-bedroom units, 36 two-bedroom units, and 24 three-bedroom units.
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 |
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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.
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.
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 .
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 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
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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