Texas

Tax credit apartments in Waco, TX

HUD's database lists 14 properties in Waco built or rehabbed with low-income housing tax credits: 1,694 apartments, 1,132 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.

Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.

LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.

Avanti Viking Hills

6501 & 6515 Sanger Ave, Waco, TX 76710

HUD lists it as senior housing

Apartments: 82
Income-restricted: 69
Placed in service: n/a

Barron's Branch

817 Colcord Ave., Waco, TX

Apartments: 92
Income-restricted: 77
Placed in service: 2015

Barron's Branch II

817 Colcord Ave., Waco, TX

Apartments: 76
Income-restricted: n/a
Placed in service: 2016

Brazos Village Apts

2525 E Lake Shore Dr, Waco, TX 76705

60 2BR, 44 3BR, 40 4BR

Apartments: 144
Income-restricted: 144
Placed in service: 1999

Costa Esmeralda

1516 Gurley Ln, Waco, TX 76706

8 1BR, 56 2BR, 40 3BR, 8 4BR

Apartments: 112
Income-restricted: 112
Placed in service: 2011

Cottages Of Oak Springs

1900 Woodgate Dr, Waco, TX 76712

40 1BR, 88 2BR, 16 3BR

Apartments: 144
Income-restricted: 100
Placed in service: 1996

Dripping Springs Senior Village

2405 J J Flewellen Rd, Waco, TX 76704

64 1BR, 36 2BR

Apartments: 100
Income-restricted: 85
Placed in service: 2005

Historic Lofts Of Waco High1

815 Columbus Ave, Waco, TX 76701

Apartments: 104
Income-restricted: n/a
Placed in service: n/a

Red Oak Apts (Waco)

4510 S Third St Rd, Waco, TX 76706

16 2BR, 64 3BR

Apartments: 80
Income-restricted: 64
Placed in service: 2005

Residences At Lake Waco

1700 W State Hwy 6, Waco, TX 76712

HUD lists it as senior housing

Apartments: 114
Income-restricted: 79
Placed in service: 2022

River Park Aptsnt Homes

1001 Martin Luther King Jr Blvd, Waco, TX 76704

Apartments: 124
Income-restricted: n/a
Placed in service: 2008

South Terrace

100 Kennedy Circle, Waco, TX 76706

HUD lists it as senior housing · 68 1BR, 94 2BR, 64 3BR, 24 4BR

Apartments: 250
Income-restricted: 250
Placed in service: n/a

The Landing

2509 E Lake Shore Dr, Waco, TX 76705

Apartments: 120
Income-restricted: n/a
Placed in service: 2003

Trendwood

1700 Dallas Circle, Waco, TX 76704

HUD lists it as senior housing

Apartments: 152
Income-restricted: 152
Placed in service: n/a

Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.

How tax credit apartments work

Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.

To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.

You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.