About This Property
Spring Garden V offers 40 low-income residential units in Springtown, TX, with a mix of 12 one-bedroom, 14 two-bedroom, and 14 three-bedroom floor plans. The property has been in service since 2006 and is financed through HOME funding with 9% Low-Income Housing Tax Credits. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Parker 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 | $1,266 |
| 1 Bedroom | $1,384 |
| 2 Bedroom | $1,617 |
| 3 Bedroom | $2,144 |
| 4 Bedroom | $2,615 |
Income Limits - Parker County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,000
- Very Low (50%)
- $28,300
- Low (80%)
- $45,300
- Extremely Low (30%)
- $19,400
- Very Low (50%)
- $32,350
- Low (80%)
- $51,750
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $36,400
- Low (80%)
- $58,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,400
- Low (80%)
- $64,650
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,650
- Low (80%)
- $69,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,900
- Low (80%)
- $75,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $50,100
- Low (80%)
- $80,200
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $53,350
- Low (80%)
- $85,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,000 | $28,300 | $45,300 |
| 2 Persons | $19,400 | $32,350 | $51,750 |
| 3 Persons | $21,960 | $36,400 | $58,200 |
| 4 Persons | $26,500 | $40,400 | $64,650 |
| 5 Persons | $31,040 | $43,650 | $69,850 |
| 6 Persons | $35,580 | $46,900 | $75,000 |
| 7 Persons | $40,120 | $50,100 | $80,200 |
| 8 Persons | $44,660 | $53,350 | $85,350 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Springtown, TX?+
The Fair Market Rent (FMR) for Parker County, TX is: $1266 (Studio), $1384 (1BR), $1617 (2BR), $2144 (3BR), $2615 (4BR). Actual rent at subsidized properties like Spring Garden V is typically 30% of household income or less.
What size apartments are available at Spring Garden V?+
Spring Garden V offers the following unit types: 12 One-Bedroom, 14 Two-Bedroom, 14 Three-Bedroom units, for a total of 40 units.
Who manages Spring Garden V?+
Spring Garden V is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Parker County, TX?+
For a 4-person household in Parker County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,400, Low Income (80% AMI): $64,650. These limits are set by HUD and updated annually.
What is the price range for apartments in Springtown, TX?+
Based on Fair Market Rent for Parker County, the estimated price range is: 1-bedroom: $1384, 2-bedroom: $1617, 3-bedroom: $2144. Actual rent at Spring Garden V may be lower for income-eligible households.
How do I apply for housing at Spring Garden V?+
Spring Garden V 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.
Contact Information
Walk Score
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Nearby Schools
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