About This Property
Reserves At Preston Trails is a 112-unit multifamily property in Wolfforth, TX that includes 96 low-income units. The property was placed in service in 2017 and receives funding through the HOME program. It serves households in Lubbock County.
Property Details
Fair Market Rent - Lubbock 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 | $778 |
| 1 Bedroom | $931 |
| 2 Bedroom | $1,113 |
| 3 Bedroom | $1,551 |
| 4 Bedroom | $1,829 |
Income Limits - Lubbock County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,800
- Very Low (50%)
- $24,650
- Low (80%)
- $39,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,200
- Low (80%)
- $45,050
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,700
- Low (80%)
- $50,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,200
- Low (80%)
- $56,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,050
- Low (80%)
- $60,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,850
- Low (80%)
- $65,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,650
- Low (80%)
- $69,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,500
- Low (80%)
- $74,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,800 | $24,650 | $39,450 |
| 2 Persons | $17,420 | $28,200 | $45,050 |
| 3 Persons | $21,960 | $31,700 | $50,700 |
| 4 Persons | $26,500 | $35,200 | $56,300 |
| 5 Persons | $31,040 | $38,050 | $60,850 |
| 6 Persons | $35,580 | $40,850 | $65,350 |
| 7 Persons | $40,120 | $43,650 | $69,850 |
| 8 Persons | $44,660 | $46,500 | $74,350 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Wolfforth, TX?+
The Fair Market Rent (FMR) for Lubbock County, TX is: $778 (Studio), $931 (1BR), $1113 (2BR), $1551 (3BR), $1829 (4BR). Actual rent at subsidized properties like Reserves At Preston Trails is typically 30% of household income or less.
What are the income limits for affordable housing in Lubbock County, TX?+
For a 4-person household in Lubbock County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,200, Low Income (80% AMI): $56,300. These limits are set by HUD and updated annually.
Who manages Reserves At Preston Trails?+
Reserves At Preston Trails is managed by . You can reach them at .
How do I apply for housing at Reserves At Preston Trails?+
Reserves At Preston Trails 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.
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