The Reserves at Preston Trails
7102 Alcove Avenue, Wolfforth, Texas 79382
Contact The Reserves at Preston Trails
The Reserves at Preston Trails is managed by Asset Living Property Management.
Dedicated to giving you the utmost comfort and convenience, The Reserves at Preston Trails is pleased to offer a charming selection of 1-, 2-, and 3-bedroom units. Visit this community today and discover the convenience that awaits with a resort-style pool and barbecue area, fitness center, theater room, and all kinds of entertainment all found within reach. This community also has a beautiful, WiFi-ready, on-site business center, so you can work remotely with ease. For every fur parent, this pet-friendly community welcomes adorable companions, close to dog parks and Bryan Patterson Park.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 808 | Call for Price |
| Two Bedroom (2/2) | 1031 | From $776 |
| Three Bedroom (3/2) | 1198 | From $889 |
Eligibility for The Reserves at Preston Trails
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 Wolfforth but actual income limits may differ for units at The Reserves at Preston Trails.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
|---|---|---|---|---|---|---|
| Very Low Income (50%) | $29,200 | $33,350 | $37,500 | $41,650 | $45,000 | $48,350 |
| Low Income (60%) | $35,040 | $40,020 | $45,000 | $49,980 | $54,000 | $58,020 |
The Reserves at Preston Trails Details
- 112 one, two and three bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- HOME Investment Partnerships Program
Property Amenities
- Fitness Center
- Playground
- Business Center
- Clubhouse
- On-Site Manager
- Pool
- Community Garden
Unit Amenities
- Walk-in Closet(s)
- Private Patio and Balcony
- Full-Size Washer & Dryer Connections
Office Hours
| Day | Hours |
|---|---|
| Monday | 8:30am-5:30pm |
| Tuesday | 8:30am-5:30pm |
| Wednesday | 8:30am-5:30pm |
| Thursday | 8:30am-5:30pm |
| Friday | 8:30am-5:30pm |
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.
HOME Investment Partnerships Program
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
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