Thomas Square is managed by Volunteers of America.
Thomas Square is an affordable apartment community consisting of cottage-style apartments for seniors age 62 and older. Thomas Square is a cottage style community which offers individual entry and porches. Thomas Square is located near downtown Burleson and is in close proximity to churches, shopping, restaurants, grocery stores, banks, and health services.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | Call for Price |
One Bedroom (1/1) | - | Call for Price |
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 Burleson but actual income limits may differ for units at Thomas Square.
AMI Band | 1 Person | 2 Person |
---|---|---|
30% | $20,100 | $23,000 |
50% | $33,500 | $38,300 |
80% | $53,600 | $61,250 |
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 Burleson but actual income limits may differ for units at Thomas Square.
AMI Band | 1 Person | 2 Person |
---|---|---|
Very Low Income (50%) | $33,500 | $38,300 |
Low Income (60%) | $40,200 | $45,960 |
Day | Hours |
---|---|
Monday | 8:00am-5:00pm |
Tuesday | 8:00am-5:00pm |
Wednesday | 8:00am-5:00pm |
Thursday | 8:00am-5:00pm |
Friday | 8:00am-5:00pm |
Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.
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.
Since this property is subsidized in part through the Rental Assistance Demonstration (RAD), some apartments may have Section 8 Project-Based Rental Assistance (PBRA) or Section 8 Project-Based Vouchers (PBV). With either type of subsidy, tenant rent payments are 30% of their adjusted monthly income. Households earning less than 80% of the area median income may qualify for PBRA or PBV reduced rents. Some of these subsidized apartments may be reserved for extremely low-income households earning less than 30% of the area median income. If the apartment has a PBV, the tenant may qualify for a Section 8 Housing Choice Voucher (HCV) after living there at least one year. Some rental units in this property may not have PBRA or PBV subsidies and therefore may have higher rents.