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540 Richcrest Dr., Houston, TX 77060
Waiting List Forecast: Likely Short or None
check_circleVerified for2024 by Connor Bailey
| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $930 - 1,273 per Month† | 1 - 3 Beds | 1 - 2 Baths | - |
check_circle Pets Allowed
check_circle Family and Senior
check_circle Affordable
Call (832) 532-8388
Waitlist Forecast
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Richcrest Apartments, a brand new apartment home community, islocated minutes from Interstate 45 and Hardy Toll Road, providing easy access to all that the spectacular city of Houston has to offer. This community istucked in a tranquil, tree-lined neighborhood, an unbeatable location where everything from shopping and dining to exciting entertainment is within reach. Anticipate the unexpected at Richcrest Apartments!
Each 1-, 2-, and 3-bedroom apartment was craftedwith great detail. Theinterior features go above and beyond the standard and include a kitchen appliance suite with an icemaker, spacious walk-in closets, full-size washer and dryer connections and a patio or balcony. Comfort and convenience are thehighest priority.
Residentsenjoy living in a pristine setting that offers the finest of community amenities. With theuncompromising level of service and attention to detail, you will find every accommodation to be impeccable.
Dave's Thoughts On Richcrest Apartments
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Richcrest Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
Richcrest Apartments Amenities
Units at Richcrest Apartments
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 676-727ft2 | $930† |
| Two Bedroom (2/2) | 887-1006ft2 | $1,109† |
| Three Bedroom (3/2) | 1070-1096ft2 | $1,042 $1,273† |
Income Qualification for Richcrest Apartments
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $32,650 / year | $37,300 / year | $41,950 / year | $46,600 / year | $50,350 / year | $54,100 / year |
| 50% AMI for PBRA Units | $32,650 / year | $37,300 / year | $41,950 / year | $46,600 / year | $50,350 / year | $54,100 / year |
| 60% AMI for LIHTC Units | $39,180 / year | $44,760 / year | $50,340 / year | $55,920 / year | $60,420 / year | $64,920 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
FAQs for Richcrest Apartments
Does Richcrest Apartments have a waiting list?
Richcrest Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Richcrest Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Richcrest Apartments?
Richcrest Apartments is managed by Mayfair Management Group headquartered in Boca Raton, FL.
In addition to Richcrest Apartments, how many other affordable housing properties (and units) are there in Houston?
In addition to Richcrest Apartments, we list 331 other affordable properties in Houston. Learn about these properties here. Our data research shows that there are a total of 52275 affordable units in Houston.
When was the Richcrest Apartments listing last updated?
Richcrest Apartments listing on Affordable Housing Online was last updated on 02/06/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Listings Near Richcrest Apartments
3530 Green Crest Drive, Houston, Texas 77082
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payment$1180/mo.
5915 Uvalde Rd, Houston, Texas 77049
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payment$804-1113/mo.
1521 Sherwood Forest St, Houston, Texas 77043
bedStudio-3
payment$787-1168/mo.
6013 Queenston Blvd, Houston, Texas 77084
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10909 Fondren Rd, Houston, Texas 77096
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payment$660-887/mo.
elderlySenior
5673 Yale Street, Houston, Texas 77076
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accessibilityAccessible
† Rent observations may change. We encourage users to verify rents and eligiblity requirementsdirectly with the property.
Affordable Housing Tip
Stay in contact with the housing agency after applying.
While on a waiting list, always keep your information up to date. If you get selected for housing, the agency needs to know how to reach you!
What Renters Say About Us
Josie Shivers says:
"Affordable Housing Online is a very helpful website. I was able to put it in a Section 8 application, and received a letter that I was chosen to be on a waiting list!"
