How long will Snap v phase 3 remain affordable housing?

LIHTC properties are required by law to remain affordable for a minimum of 30 years from the date they were placed in service (Snap v phase 3 was placed in service around 1987, so rent restrictions are secured at least until ~2017). After that period, the owner can choose to exit the program or renew. Ask management about the property's current compliance end date.

Is Snap v phase 3 a renovated building?

HFA records show this property was acquired and rehabilitated using LIHTC funding around 1987. Renovation scope varies widely — some properties received light cosmetic updates while others were substantially rebuilt. Ask management what was renovated, the age of key systems (roof, HVAC, plumbing), and whether any additional work is planned.

Is Snap v phase 3 still operating as affordable housing?

HUD records indicate this property may no longer be actively monitored under the LIHTC compliance program (reason: 1). This does not necessarily mean it is market-rate — some properties voluntarily maintain affordability after the compliance period ends. Call management directly to confirm the current rent structure and any remaining income restrictions.

SNAP V PHASE 3 — Income-Restricted Apartments in Shreveport, Louisiana

How rent works

What this means for you

This property includes LIHTC tax credit. Rent rules can change by unit, so ask the office which program applies to the apartment you want.

LIHTC: These are income-based apartments with rent limits tied to the local Area Median Income (AMI) — not market-rate rent. Rent limits are set from the local AMI. If this property also has rental assistance, some tenants may pay about 30% of adjusted income.

Who can live here

Renovated Building Income-qualified only

Rent-Restricted Units

7 of 7 total

income-restricted tax credit apartments

Rent-Restricted Until

~1987

Minimum 30-year LIHTC legal commitment

LIHTC compliance period may have ended

Reason recorded: 1. Call management to confirm whether income restrictions and subsidized rents are still in effect.

Snap v phase 3 is a Low Income Housing Tax Credit (LIHTC) apartment community in Shreveport, Louisiana. LIHTC properties — also called Section 42 housing or tax credit apartments — are income-restricted rentals developed with federal tax credits administered by state Housing Finance Agencies (HFAs). Qualifying residents pay rent based on a percentage of the Area Median Income (AMI) for Shreveport. These properties are among the most affordable apartments available without a Section 8 voucher.

To qualify, your total household income must fall at or below the income limit set for this property. Unlike public housing, LIHTC income-restricted apartments are privately managed and require you to apply directly to the property. Rent is fixed at a discounted rate tied to AMI — not to your specific income — so your monthly payment stays predictable.

By law, LIHTC properties must remain rent-restricted for a minimum of 30 years. Snap v phase 3 was placed in service around 1987, keeping rents income-restricted at least through ~1987.

Before You Apply

Confirm the age rule and income limit

You must be of qualifying age. Your income must fall within HUD's Area Median Income (AMI) limits for Shreveport.

Ask which unit types are actually available

This listing shows historically available units. Ask directly if a unit is open today.

Verify accessibility before paying any fees

If you use a wheelchair or walker, confirm elevator access and doorway widths before submitting a paid application.

Questions People Ask

What unit types are reported at Snap v phase 3?Open

This record reports: 1 Bed • 2 Bed • 3 Bed • 4 Bed. Availability can change rapidly, so ask management which layouts are currently open and whether any accessible units are available.

What are the income limits to qualify at Snap v phase 3?Open

As a LIHTC property, Snap v phase 3 requires your household income to fall below a set percentage of the Area Median Income (AMI) for the local area. The exact income ceiling isn't recorded here — ask management directly for the current income limit table for your household size.

To view the specific income caps (e.g. 30%, 50%, or 60% AMI limits) for all household sizes, check out the .