Texas Affordable Apartment Living Seniors 55+ | Luxury Lifestyle

Understanding Tax Credit Apartment Communities

Locate Texas Tax Credit Senior Apartments

Wake up in your beautifully appointed apartment home and take a leisure stroll around the impeccably landscaped grounds and natural pond. Take a refreshing dip in the pristine swimming pool behind the Mission-style clubhouse.

Meet your friends in the brightly lit sunroom for coffee and discuss your next scheduled outing before walking over to the barber/beauty salon for a haircut. Proceed around the corner for an easy work-out in the fitness studio. Sound too good to be true? Affordable-living-in-style at 55+ is a reality.

“The term “affordable” has certainly taken on new meaning in the housing industry. Although residents must qualify and make no more than 60% of the area median income, (*) it by no means connotes a lifestyle that has been compromised in any way. In fact, it is the opposite.

Affordable apartment communities are designed with resident convenience in mind, providing a spectacular array of onsite amenities including a clubhouse, full library, game and card room, beauty salon, business center, arts and crafts room, coffee shop, exercise room, community room for gatherings, scheduled van trips and a theatre/media/lecture room with seating for 30+.

How can a lifestyle like this be affordable?

The financing for affordable communities around the country is structured through a unique Federal program that was first signed into legislation in 1986 by then president, Ronald Reagan. Through special allocation of tax credits through various state partners and non profit corporations, as well as commercial lending participants, the financing of these communities is facilitated by inducing bonds. This in turn allows residents with lower incomes to live in fabulous limited access (gated) communities at a fraction what market rate apartments of this sort may demand.

With the anticipation of the senior housing market growing by at least 81 percent over the next 20 years, federal, state and private commercial lending has gone to extraordinary measures to be able to provide excellent, active lifestyle communities for those with fixed incomes.

Your active lifestyle 55+ truly does NOT have to be restricted, even if your income is.

For more information: www.tdhca.state.tx.us/multifamily/htc/faqs.htm

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