Big Lake Seniors

1304 N Vicky St, Big Lake, Texas 76932

Contact Big Lake Seniors

Big Lake Seniors is an affordable apartment community offering 1-bedroom units. This community offers many amenities for residents including washer and dryer hookups in unit, heating and air conditioning, and each unit is wired for cable or satellite TV.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price

Eligibility for Big Lake Seniors

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Big Lake but actual income limits may differ for units at Big Lake Seniors.

AMI Band	1 Person	2 Person
30%	$17,400	$19,850
50%	$28,950	$33,100
80%	$46,350	$52,950

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 Big Lake but actual income limits may differ for units at Big Lake Seniors.

AMI Band	1 Person	2 Person
Very Low Income (50%)	$28,950	$33,100
Low Income (60%)	$34,740	$39,720

Big Lake Seniors Details

20 one bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Wheel Chair Accessible

Unit Amenities

Air Conditioning
Washer and Dryer Hookup
Cable Ready
Refrigerator
Electric Range
Heating

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.