The Residence at Overlook Ridge

12565 FM 306, Canyon Lake, Texas 78133

Contact The Residence at Overlook Ridge

Welcome to The Residence at Overlook Ridge, a community of senior apartments in Canyon Lake, Texas. With open-concept 1- and 2-bedroom floor plans and five-star amenities, it’s no wonder why active adults aged 55+ love coming home to this community. As a resident, you can enjoy fully-equipped kitchens, full-size washers and dryers, 9-foot ceilings, an on-site BBQ area, pet friendly accommodations, and much more.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price

Eligibility for The Residence at Overlook Ridge

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 Canyon Lake but actual income limits may differ for units at The Residence at Overlook Ridge.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$30,750	$35,150	$39,550	$43,900
Low Income (60%)	$36,900	$42,180	$47,460	$52,680

The Residence at Overlook Ridge Details

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

Property Amenities

BBQ and Picnic Area
Community Room
On-Site Manager
24hr Emergency Maintenance
On-Site Parking
Online Payments Accepted
Secured Entry

Unit Amenities

Ceiling Fan(s)
9 ft. Ceilings
Water Trash and Sewer Included
Breakfast Bar
Linen Closets
Fully Equipped Kitchen
Washer and Dryer Included
Carpeted Bedroom

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.