Timber Ridge Apartments

427 Martin St, Chandler, Texas 75758

Contact Timber Ridge Apartments

Timber Ridge is an affordable home living with amenities you will appreciate. This community offers 1- and 2-bedroom units. Enjoy a location which allows you quick and easy access to shopping, convenience, and fun.

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

Eligibility for Timber Ridge Apartments

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 Chandler but actual income limits may differ for units at Timber Ridge Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$25,250	$28,850	$32,450	$36,050
Low Income (60%)	$30,300	$34,620	$38,940	$43,260

Timber Ridge Apartments Details

44 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

On-Site Manager
24hr Emergency Maintenance
Energy Star Appliances
Energy Efficient Design
Laundry Facility
Picnic Area

Unit Amenities

Ceiling Fan(s)
Refrigerator
Self-Cleaning Ovens

Nearby Amenities

Close to Shopping
Close to Entertainment

Office Hours

Day	Hours
Monday	9:00am-4:00pm
Tuesday	9:00am-4:00pm
Wednesday	9:00am-4:00pm
Thursday	9:00am-4:00pm

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.

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.