Gholson Hotel Apartments

215 W Main St, Ranger, Texas 76470

Contact Gholson Hotel Apartments

Discover the Gholson Apartments your ideal place to call home, if you are 62 years or older OR disabled. Our property is located in the small town of Ranger, approximately 90 miles west of Fort Worth/Dallas in central Texas. Built in 1917 during the Texas oil boom, the Gholson Apartments is a famous landmark in a town rich with history. It was converted to apartments in 1985 and recently renovated. Our vibrant community has a mix of studio and one-bedroom apartment homes in an historic 5-story building. Our residents enjoy a wide variety of updated amenities including monthly community events. Our professional staff looks forward to providing you with the highest standard of professional property management and are committed to improving the communities where we live and work.

Unit (Bd/Ba)	Ft²	Rent
Studio (1/1)	-	Income Based
1 Bedroom (1/1)	-	Income Based

Eligibility for Gholson Hotel Apartments

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 Ranger but actual income limits may differ for units at Gholson Hotel Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$15,200	$19,720	$24,860	$30,000	$35,140	$40,280	$44,750	$47,600
50%	$25,250	$28,850	$32,450	$36,050	$38,950	$41,850	$44,750	$47,600
80%	$40,400	$46,150	$51,900	$57,650	$62,300	$66,900	$71,500	$76,100

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 Ranger but actual income limits may differ for units at Gholson Hotel Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$25,250	$28,850	$32,450	$36,050	$38,950	$41,850	$44,750	$47,600
Low Income (60%)	$30,300	$34,620	$38,940	$43,260	$46,740	$50,220	$53,700	$57,120

Gholson Hotel Apartments Details

55 one bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Community Room
Library
On-Site Parking
Emergency Pull Cord
Surveillance Cameras
Laundry Facilities
Computer Room
Monthly Planned Activities

Unit Amenities

Air Conditioning
Refrigerator
Bathroom Grab Bars
Stove
Self-Cleaning Ovens
New Cabinets
Newly Remodeled Bathrooms

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.