About This Property
Towne Park in Fredericksburg II contains 44 units in Fredericksburg, TX, with 39 designated as low-income housing. The property serves elderly residents and offers a mix of 21 one-bedroom and 18 two-bedroom units. Placed in service in 2006, the property utilizes 9% Low-Income Housing Tax Credits for funding.
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 Ii is typically 30% of household income or less.
What size apartments are available at Towne Park in Fredericksburg Ii?+
Towne Park in Fredericksburg Ii offers the following unit types: 21 One-Bedroom, 18 Two-Bedroom units, for a total of 44 units.
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 Towne Park in Fredericksburg Ii?+
Towne Park in Fredericksburg Ii is managed by . You can reach them at .
How do I apply for housing at Towne Park in Fredericksburg Ii?+
Towne Park in Fredericksburg Ii 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 Towne Park in Fredericksburg Ii?+
Towne Park in Fredericksburg Ii primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
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. Actual rent at Towne Park in Fredericksburg Ii 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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