Reserve at Palestine is managed by Pivotal (formally MVAH Partners).
Welcome to a brand-new, beautiful community, designed for adults 55 & over! Each spacious floor plan includes modern amenities you would expect to find in a luxury home, at affordable rental rates: a fully-equipped kitchen with energy-efficient appliances and exceptional closet space. Reserve at Palestine is smoke-free & pet-friendly and will include amazing property features, like the community room!
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 671 | Call for Price |
Two Bedroom (2/1) | 876 | Call for Price |
This project has been funded and will begin construction soon.
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 Palestine but actual income limits may differ for units at Reserve at Palestine.
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 |
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.