Low Income (LIHTC)Waitlist Closed

Paradise Oaks Apts

1500 Faro Dr, Austin, TX, 78741

Information verified July 8, 2026·We re-check waiting list status daily

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About This Property

Paradise Oaks Apts comprises 248 units in Austin, TX and operates as an affordable housing community in Travis County. The property provides rental housing options for residents seeking affordable accommodations in the Austin area. Contact information and management details are available upon inquiry.

Waitlist Information

Waitlist managed by Austin Housing Authority

Public Housing Waitlist

Closed

Waitlists for Project-Based Rental Assistance (PBRA) properties, which is a form of public housing, are closed across all regions (South, Central, North, East).

Last verified June 28, 2026

Section 8 (HCV) Waitlist

Closed

The Housing Choice Voucher (HCV) waitlist is closed. It last opened from Sept. 17 through Sept. 24, 2018, and randomly selected 2,000 pre-applications.

Last verified July 2, 2026

Waitlist data provided by section8waitlist.org

Updated July 7, 2026

Property Details

Total Units

248

Fair Market Rent - Travis 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	$1,519
1 Bedroom	$1,635
2 Bedroom	$1,924
3 Bedroom	$2,470
4 Bedroom	$2,840

Income Limits - Travis County, TX

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $20,800
Very Low (50%): $34,650
Low (80%): $55,400

2 Persons

Extremely Low (30%): $23,750
Very Low (50%): $39,600
Low (80%): $63,300

3 Persons

Extremely Low (30%): $26,700
Very Low (50%): $44,550
Low (80%): $71,200

4 Persons

Extremely Low (30%): $29,650
Very Low (50%): $49,450
Low (80%): $79,100

5 Persons

Extremely Low (30%): $32,050
Very Low (50%): $53,450
Low (80%): $85,450

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $57,400
Low (80%): $91,800

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $61,350
Low (80%): $98,100

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $65,300
Low (80%): $104,450

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$20,800	$34,650	$55,400
2 Persons	$23,750	$39,600	$63,300
3 Persons	$26,700	$44,550	$71,200
4 Persons	$29,650	$49,450	$79,100
5 Persons	$32,050	$53,450	$85,450
6 Persons	$35,580	$57,400	$91,800
7 Persons	$40,120	$61,350	$98,100
8 Persons	$44,660	$65,300	$104,450

Tax Credit Program Details

Year Placed in Service

8888

Low-Income Units

0 / 248

Frequently Asked Questions

What is the average rent for affordable housing in Austin, TX?+

The Fair Market Rent (FMR) for Travis County, TX is: $1519 (Studio), $1635 (1BR), $1924 (2BR), $2470 (3BR), $2840 (4BR). Actual rent at subsidized properties like Paradise Oaks Apts is typically 30% of household income or less.

What are the income limits for affordable housing in Travis County, TX?+

For a 4-person household in Travis County, TX, the income limits are: Extremely Low Income (30% AMI): $29,650, Very Low Income (50% AMI): $49,450, Low Income (80% AMI): $79,100. These limits are set by HUD and updated annually.

How do I apply for housing at Paradise Oaks Apts?+

Paradise Oaks Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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.

Is there a waitlist for Paradise Oaks Apts?+

Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

Who manages Paradise Oaks Apts?+

Paradise Oaks Apts is managed by . You can reach them at . Visit their website for more information.

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