The Lakes of Eldorado are located just a short drive from some of the best shopping, restaurants, and schools in Carrollton. Bostons and the Spoons Café are just minutes away when you want to grab a quick meal, or you can pick up essentials nearby at Trader Joes or Albertsons. The 1-, 2-, and 3-bedroom apartment homes are also conveniently located near Malvern Elementary School, Faubian Middle School and McKinney High School.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 576 | From $1,027 |
Two Bedroom One Bath (2/1) | 749 | From $1,228 |
Two Bedroom Two Bath (2/2) | 850 | From $1,228 |
Three Bedroom (3/2) | 959 | From $1,411 |
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 The Lakes of Eldorado.
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 |
Day | Hours |
---|---|
Monday | 8:30am-5:30pm |
Tuesday | 8:30am-5:30pm |
Wednesday | 8:30am-5:30pm |
Thursday | 8:30am-5:30pm |
Friday | 8:30am-5:30pm |
Saturday | 10:00am-5:00pm |
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.