Reserve at Sulphur Springs is managed by Pivotal (formally MVAH Partners).
Reserve at Sulphur Springs features a beautiful community comprised of 1- and 2-bedroom apartment homes designed exclusively for residents 55 and over. Each spacious floor plan includes modern amenities you would expect to find in a luxury home, at affordable rental rates: a fully-equipped gourmet kitchen with energy-efficient appliances and exceptional closet space. The community room provides comforts of contemporary living which include a kitchen & dining area. The building is smoke-free & environmentally friendly. Reserve at Sulphur Springs is the community you have been waiting for!
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 715 | From $788 |
Two Bedroom (2/2) | 909 | From $940 |
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 Sulphur Springs but actual income limits may differ for units at Reserve at Sulphur Springs.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
30% | $15,650 | $19,720 | $24,860 | $30,000 |
50% | $26,050 | $29,750 | $33,450 | $37,150 |
80% | $41,650 | $47,600 | $53,550 | $59,450 |
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 Sulphur Springs but actual income limits may differ for units at Reserve at Sulphur Springs.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $26,050 | $29,750 | $33,450 | $37,150 |
Low Income (60%) | $31,260 | $35,700 | $40,140 | $44,580 |
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 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.