About This Property
Towne Park in Fredericksburg I comprises 88 low-income rental units in Fredericksburg, Texas and has been serving the community since 2003. This property is designated for elderly residents 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 Towne Park in Fredericksburg I is typically 30% of household income or less.
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.
How do I apply for housing at Towne Park in Fredericksburg I?+
Towne Park in Fredericksburg I 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.
Who is eligible to live at Towne Park in Fredericksburg I?+
Towne Park in Fredericksburg I primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Towne Park in Fredericksburg I?+
Towne Park in Fredericksburg I is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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