About This Property
Reserves At Preston Trails is a 112-unit multifamily property in Wolfforth, TX that includes 96 low-income units. The property was placed in service in 2017 and receives funding through the HOME program. It serves households in Lubbock County.
Property Details
Fair Market Rent - Lubbock County, TX
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $778 |
| 1 Bedroom | $931 |
| 2 Bedroom | $1,113 |
| 3 Bedroom | $1,551 |
| 4 Bedroom | $1,829 |
Income Limits - Lubbock County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,800
- Very Low (50%)
- $24,650
- Low (80%)
- $39,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,200
- Low (80%)
- $45,050
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,700
- Low (80%)
- $50,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,200
- Low (80%)
- $56,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,050
- Low (80%)
- $60,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,850
- Low (80%)
- $65,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,650
- Low (80%)
- $69,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,500
- Low (80%)
- $74,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,800 | $24,650 | $39,450 |
| 2 Persons | $17,420 | $28,200 | $45,050 |
| 3 Persons | $21,960 | $31,700 | $50,700 |
| 4 Persons | $26,500 | $35,200 | $56,300 |
| 5 Persons | $31,040 | $38,050 | $60,850 |
| 6 Persons | $35,580 | $40,850 | $65,350 |
| 7 Persons | $40,120 | $43,650 | $69,850 |
| 8 Persons | $44,660 | $46,500 | $74,350 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Wolfforth, TX?+
The Fair Market Rent (FMR) for Lubbock County, TX is: $778 (Studio), $931 (1BR), $1113 (2BR), $1551 (3BR), $1829 (4BR). Actual rent at subsidized properties like Reserves At Preston Trails is typically 30% of household income or less.
What are the income limits for affordable housing in Lubbock County, TX?+
For a 4-person household in Lubbock County, TX, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,200, Low Income (80% AMI): $56,300. These limits are set by HUD and updated annually.
How do I apply for housing at Reserves At Preston Trails?+
Reserves At Preston Trails is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Reserves At Preston Trails?+
Reserves At Preston Trails is managed by . You can reach them at .
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