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La Posada Apartments

901 Lamar St, Elsa, Texas 78543

La Posada is an affordable apartment complex offering 1- and 2-bedroom units. This community offers many amenities including off-street parking, community room, and kitchens with a refrigerator, oven and range.

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 665 From $570
Two Bedroom (2/1) 827 From $610

Eligibility for La Posada Apartments

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 Elsa but actual income limits may differ for units at La Posada Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person
30% $15,200 $19,720 $24,860 $30,000
50% $25,250 $28,850 $32,450 $36,050
80% $40,400 $46,150 $51,900 $57,650

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 Elsa but actual income limits may differ for units at La Posada 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

La Posada Apartments Details

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

Property Amenities

  • Community Room
  • Off-Street Parking

Unit Amenities

  • Washer and Dryer Hookup
  • Cable Ready
  • Window Coverings
  • Carpet
  • Refrigerator
  • Oven and Range
  • Water Included
  • Private Patios
  • Private Porch

Office Hours

Day Hours
Monday 7:00am-5:30pm
Tuesday 7:00am-5:30pm
Wednesday 7:00am-5:30pm
Thursday 7:00am-5:30pm
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.

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 538 Guaranteed Rural Rental Housing

Section 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.

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.

Images of La Posada Apartments
Image of La Posada Apartments