Affordable Senior Apartments - New Braunfels, Texas

More Texas Senior Living Options

Income Based Senior Apartments - New Braunfels, TX. The Low Income Housing Tax Credit program, managed by the U.S. Department of Housing and Urban Development, began in 1986. Through the program, owners of multi-family homes designate income-based apartments, also referred to as tax credit properties, to low-income residents for a reduced rent. Senior apartments that advertise the word ‘affordable’ are generally tax credit apartment communities aka Texas affordable senior apartments. You will also often see the words “Income Limit Restrictions Apply" or "Variable Pricing Structure.” Each tax credit senior apartment community has different income requirements so it's important to ask when contacting them.