Silver Trails

403 Mesquite St, Menard, Texas 76859

Contact Silver Trails

Silver Trail Apartments is an affordable apartment community in Menard, Texas offering 1- and 2-bedroom units. This community offers such amenities as a refrigerator, oven & range, covered entrance and washer/drier hook ups.

Unit (Bd/Ba)	Ft²	Rent
One bedroom (1/1)	643	From $621
Two bedroom (2/1)	848	From $690

Eligibility for Silver Trails

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Menard but actual income limits may differ for units at Silver Trails.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$15,200	$19,720	$24,860	$30,000
50%	$25,250	$28,850	$32,450	$36,050
80%	$40,400	$46,150	$51,900	$57,650

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 Menard but actual income limits may differ for units at Silver Trails.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$25,250	$28,850	$32,450	$36,050
Low Income (60%)	$30,300	$34,620	$38,940	$43,260

Silver Trails Details

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

Property Amenities

Community Room
Off Street Parking

Unit Amenities

Washer and Dryer Hookup
Cable Ready
Window Coverings
Carpet
Refrigerator
Oven and Range
Water Included

Office Hours

Day	Hours
Monday	9:00am-3:00pm
Tuesday	9:00am-3:00pm
Wednesday	9:00am-3:00pm
Thursday	9:00am-3:00pm
Friday	9:00am-3:00pm

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.

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 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.

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.