Electra Village Apartments

100 S Prairie Cir, Electra, Texas 76360

Contact Electra Village Apartments

Electra Village offers 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartment homes. Each unit features an all-electric kitchen with a refrigerator, ceiling fans, and central air & heating. Some paid utilities included. Community amenities include beautiful landscaping, a playground, on-call and on-site maintenance, and copy and fax services. Electra Village is located near to Highway 25 and Highway 286 as well as many great restaurants, shopping, and entertainment venues. The community is also within walking distance to great schools and only a mile from Electra Memorial Hospital.

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

Eligibility for Electra Village 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 Electra but actual income limits may differ for units at Electra Village Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$28,050	$32,050	$36,050	$40,050	$43,300	$46,500	$49,700	$52,900
Low Income (60%)	$33,660	$38,460	$43,260	$48,060	$51,960	$55,800	$59,640	$63,480

Electra Village Apartments Details

48 one, two, three and four bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance
Section 538 Guaranteed Rural Rental Housing

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.

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.