Sherman Plaza North

4531 Blanco Ave, El Paso, Texas 79905

Contact Sherman Plaza North

Sherman Plaza offers 1-bedroom, 2-bedroom, 3-bedroom, 4-bedroom, and 5-bedroom apartment homes in El Paso, TX. Each unit features Energy Star appliances and central heating/cooling. Property amenities include a daycare center, community center for social events, playground, athletic court, and picnic areas.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Income Based
Two Bedroom (2/1)	-	Income Based
Three Bedroom (3/1)	-	Income Based
Four Bedroom (4/2)	-	Income Based
Five Bedroom (5/2)	-	Income Based

Eligibility for Sherman Plaza North

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 El Paso but actual income limits may differ for units at Sherman Plaza North.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person	9 Person	10 Person
Very Low Income (50%)	$25,250	$28,850	$32,450	$36,050	$38,950	$41,850	$44,750	$47,600	$0	$0
Low Income (60%)	$30,300	$34,620	$38,940	$43,260	$46,740	$50,220	$53,700	$57,120	$0	$0

Sherman Plaza North Details

178 one, two, three, four and five bedroom units.
Water and Sewer utilities included in rent
Electricity utility included in rent
Heat utility included in rent
HOME Investment Partnerships Program
Low-Income Housing Tax Credit (LIHTC)
Rental Assistance Demonstration (RAD)

Property Amenities

Playground
Energy Star Appliances
Sport Court
Picnic Area
Community Center
On-Site Child Care

Unit Amenities

Central Heat & Air

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.

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.

Rental Assistance Demonstration (RAD)

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.