Valle Verde Crest

224 S Ascarate St, El Paso, Texas 79905

Contact Valle Verde Crest

Valle Verde Crest offers a variety of apartment homes for families in El Paso, TX. The apartment homes range from 2-bedroom, 3-bedroom, 4-bedroom, and 5-bedroom floor plans. The community offers a playground and basketball court.

Unit (Bd/Ba)	Ft²	Rent
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 Valle Verde Crest

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 El Paso but actual income limits may differ for units at Valle Verde Crest.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person	9 Person	10 Person
30%	$15,200	$19,720	$24,860	$30,000	$35,140	$40,280	$44,750	$47,600	$0	$0
50%	$25,250	$28,850	$32,450	$36,050	$38,950	$41,850	$44,750	$47,600	$0	$0

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 Valle Verde Crest.

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

Valle Verde Crest Details

50 two, three, four and five bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Rental Assistance Demonstration (RAD)
Section 221 (d) (3)

Property Amenities

Playground
Basketball Court

Nearby Amenities

Close to Public Transportation

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.