Waverly Village

255 Tafelski Rd, New Waverly, Texas 77358

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Waverly Village is managed by ITEX Property Management.

Waverly Village offers 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartment homes. Each unit features energy efficient appliances, washer/dryer connections, and ample yard space. Community amenities include an on-site laundry facility, school bus service, after school activities, and on-site parking.

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 748 Income Based
Two Bedroom (2/1) 884 Income Based
Three Bedroom (3/2) 925 Income Based
Four Bedroom (4/2) 1092 Income Based

Eligibility for Waverly Village

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 New Waverly but actual income limits may differ for units at Waverly Village .

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,400 $19,720 $24,860 $30,000 $35,140 $40,280 $45,400 $48,350
50% $25,650 $29,300 $32,950 $36,600 $39,550 $42,500 $45,400 $48,350
80% $41,000 $46,850 $52,700 $58,550 $63,250 $67,950 $72,650 $77,300

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 New Waverly but actual income limits may differ for units at Waverly Village .

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,650 $29,300 $32,950 $36,600 $39,550 $42,500 $45,400 $48,350
Low Income (60%) $30,780 $35,160 $39,540 $43,920 $47,460 $51,000 $54,480 $58,020

Waverly Village Details

  • 50 one, two, three and four bedroom units.
  • Section 8 Project-Based Rental Assistance (PBRA)
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 221 (d) (3)

Property Amenities

  • On-Site Parking
  • Laundry Facility
  • On-Site Laundry
  • After School Program

Unit Amenities

  • Yard
  • Full-Size Washer & Dryer Connections
  • Energy Efficient Appliances

Nearby Amenities

  • Near Schools

Office Hours

Day Hours
Monday 8:00am-5:00pm
Tuesday 8:00am-5:00pm
Wednesday 8:00am-5:00pm
Thursday 8:00am-5:00pm
Friday 8:00am-5:00pm
Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

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