380 Villas

820 E. University Dr., Mckinney, Texas

380 Villas is an upcoming affordable apartment community that will offer 1-, 2-, and 3-bedroom units. This community will offer many residential amenities including a swimming pool, a playground, a clubhouse, and a dog park.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/1)	-	Call for Price

This property is currently under construction.

Eligibility for 380 Villas

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 Mckinney but actual income limits may differ for units at 380 Villas.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$36,100	$41,250	$46,400	$51,550	$55,700	$59,800
Low Income (60%)	$43,320	$49,500	$55,680	$61,860	$66,840	$71,760

380 Villas Details

260 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Playground
Basketball Court
Clubhouse
Swimming pool
Dog Park

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.