Riverwood Commons l & ll

440 Old Austin Hwy, Bastrop, Texas 78602

Contact Riverwood Commons l & ll

Welcome to Riverwood Commons l & ll, located in the city of Bastrop, Texas. Riverwood Commons is a Senior Community with an abundance of apartment and community amenities along with 1- and 2-bedroom units. This community is located near grocery stores, pharmacies, banks, restaurants and doctor’s offices. The surrounding community provides modern conveniences designed to complement your lifestyle.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	725	From $380
One Bedroom (Riverwood Commons ll) (1/1)	725	From $909
Two Bedroom (2/1)	935	From $445
Two Bedroom (Riverwood Commons ll) (2/2)	935	From $1,036
Two Bedroom (2/2)	980	From $445

Eligibility for Riverwood Commons l & ll

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 Bastrop but actual income limits may differ for units at Riverwood Commons l & ll.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$40,900	$46,750	$52,600	$58,400
Low Income (60%)	$49,080	$56,100	$63,120	$70,080

Riverwood Commons l & ll Details

36 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Controlled Access
Fitness Center
BBQ and Picnic Area
Community Room
Business Center
24hr Emergency Maintenance
Grilling Area
Pool Table
Picnic Area

Unit Amenities

Ceiling Fan(s)
Fully Equipped Kitchen
Washer and Dryer Included

Office Hours

Day	Hours
Monday	9:00am-5:00pm
Tuesday	9:00am-5:00pm
Wednesday	9:00am-5:00pm
Thursday	9:00am-5:00pm
Friday	9:00am-5:00pm

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.