Mcgregor Seniors Apartments
1007 S Madison St, McGregor, Texas 76657
Contact Mcgregor Seniors Apartments
Mcgregor Seniors Apartments is managed by Belmont Management Company.
McGregor Senior Apartments are an affordable community offering 1- and 2-bedroom units. This community offers many amenities including an on-site laundry facility while units come equipped with washer and dryer hookups, air conditioning, and are wheelchair accessible.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price |
| Two Bedroom (2/1) | - | Call for Price |
Eligibility for Mcgregor Seniors 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 McGregor but actual income limits may differ for units at Mcgregor Seniors Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
|---|---|---|---|---|
| Very Low Income (50%) | $26,600 | $30,400 | $34,200 | $38,000 |
| Low Income (60%) | $31,920 | $36,480 | $41,040 | $45,600 |
Mcgregor Seniors Apartments Details
- 36 one and two 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
- Laundry Facilities
- Wheel Chair Accessible
Unit Amenities
- Air Conditioning
- Washer and Dryer Hookup
- Refrigerator
Office Hours
| Day | Hours |
|---|---|
| Monday | 9:00am-5:00pm |
| Tuesday | 9:00am-5:00pm |
| Friday | 9:00am-5:00pm |
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.
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.
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