Country Terrace Village

2500 E Wallisville Rd, Highlands, Texas 77562

Contact Country Terrace Village

Country Terrace is an affordable apartment community offering 1-, 2-, and 3-bedroom units. This community offers many residential amenities including on-site laundry facilities, a playground, a picnic area, and a basketball court.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	668	From $750 To $595
Two Bedroom (2/1)	760	From $600 To $625
Three Bedroom (3/1)	935	From $740 To $765

Eligibility for Country Terrace Village

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 Highlands but actual income limits may differ for units at Country Terrace Village.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$32,650	$37,300	$41,950	$46,600	$50,350	$54,100
Low Income (60%)	$39,180	$44,760	$50,340	$55,920	$60,420	$64,920

Country Terrace Village Details

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

Property Amenities

Playground
Basketball Court
Community Room
On-Site Social Services
Smoke Free
High Speed Internet Access
Storage (in unit)
Laundry Facility
Picnic Area
Wheel Chair Accessible

Unit Amenities

Cable Ready
Refrigerator
Oven and Range
Water Trash and Sewer Included
Kitchen Pantry
Built in microwave
Heat and Air

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.