Gray, set to open in 2025, will offer beautiful, affordable apartment homes for Seniors (55+) with modest incomes.
Gray features 1- and 2-bedroom floorplans, conveniently located in Houston's historic Third Ward neighborhood. Gray's comfortable living spaces and extensive community amenities are designed with seniors and their families in mind. Residents are only minutes from neighborhood attractions, and have an array of onsite services at their fingertips.
Make yourself at home in one of the city's most culturally rich neighborhoods - Live at Gray.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | Call for Price |
Two Bedroom (2/1) | - | Call for Price |
This project has been funded and will begin construction soon.
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 Houston but actual income limits may differ for units at Gray.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $32,650 | $37,300 | $41,950 | $46,600 |
Low Income (60%) | $39,180 | $44,760 | $50,340 | $55,920 |
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.