Katy Creek Retirement Village Bonham

About This Building

Affordable Housing Option at Katy Creek Retirement Village Bonham, TX Introduction: Katy Creek Retirement Village Bonham offers Low-Income Housing Tax Credit apartments for those seeking an affordable housing option in Bonham, TX. These rental apartments are supported by the LIHTC program, which provides incentives to builders and developers to create affordable housing for low-income individuals. Income and Rent Restrictions: The LIHTC program ensures that the applicable program rent and income restrictions are in place. The maximum rent charged is determined based on the Area Median Income (AMI). However, it is important to note that the AMI may still make this apartment unaffordable for some low-income individuals. Rental Rates and Availability: To determine affordability, it is recommended to check the current rental rates. While there are 40 low-income apartments available at Katy Creek Retirement Village Bonham, it is important to understand that most apartments have waiting lists. Therefore, it is advisable to contact them directly using the provided phone number to inquire about availability and the application process. Apartment Details: 1. One-Bedroom Apartments: Katy Creek Retirement Village Bonham offers one-bedroom apartments at the location. Information regarding rental rates and availability can be obtained by contacting the facility. 2. Two-Bedroom Apartments: Additionally, two-bedroom apartments are also available. To inquire about rental rates and availability, it is best to reach out to Katy Creek Retirement Village Bonham directly. Application Process: When applying for an apartment at Katy Creek Retirement Village Bonham, it is necessary to include income and verification details for all adults who are expected to reside at the apartment. For further information and detailed application guidelines, it is recommended to call and speak with the management. Conclusion: Katy Creek Retirement Village Bonham presents an opportunity for low-income individuals to find affordable housing through the LIHTC program. Understanding the income and rent restrictions, checking current rental rates, and contacting the facility directly are important steps to determine eligibility and availability.