Socorro Palms is managed by Tropicana Properties.
Located in Socorro Texas, Socorro Palms offers a feeling of serene tranquility right at the edge of city life. Only minutes from shopping, eateries, and entertainment Socorro Palms is where you’ll want to be if you are looking for a breath of fresh air. This 152 unit community offers quality living at affordable prices. All units come fully tiled, equipped with washer and dryer, and fully furnished kitchen appliances. The community also provides a children’s playground, basketball court, and five gazebos outfitted with barbeque pits and picnic benches throughout the property. The community also offers support services FREE to all residents: Homebuyer Counseling, Financial Literacy, FREE GED classes, and ESL (English as a Second Language) training.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | Call for Price |
Two Bedroom (2/1) | - | Call for Price |
Three Bedroom (3/1) | - | Call for Price |
Four Bedroom (4/1) | - | Call for Price |
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 Socorro but actual income limits may differ for units at Socorro Palms.
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 |
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.