Terrace at Oak Springs

3000 Oak Springs Dr, Austin, Texas 78702

Terrace at Oak Springs is a unique apartment community providing private apartments with onsite support services to adults experiencing homelessness in Travis County. Each apartment is a single occupancy efficiency unit and comes fully furnished. Property amenities include on-site laundry facility, outdoor green space, community room with library, computers, and internal and external security cameras. The 3000 Oak Springs Health Clinic is on site providing residents and additional community members varying services including; counseling and case management, behavioral health care, primary health care, drug and alcohol treatment, exercise and nutrition programs, employment services, assistance accessing benefits, and medication management and support.

Unit (Bd/Ba)	Ft²	Rent
Efficiency (Studio/1)	-	Income Based

Eligibility for Terrace at Oak Springs

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Austin but actual income limits may differ for units at Terrace at Oak Springs.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$40,900	$46,750	$52,600	$58,400	$63,100	$67,750	$72,450	$77,100
Low Income (60%)	$49,080	$56,100	$63,120	$70,080	$75,720	$81,300	$86,940	$92,520

Terrace at Oak Springs Details

50 studio bedroom units.
Low Rise
Water and Sewer utilities included in rent
Electricity utility included in rent
Heat utility included in rent
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Computer Lab
Community Room
On-Site Manager
On-Site Social Services
Surveillance Cameras
Courtyard
Laundry Facility
On-Site Laundry
On-Site Security

Unit Amenities

Utilities Included

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.