400 Mile 17 1/2 Rd N
Edcouch, TX 78538
Delta Estates · Multifamily Property For Sale · 64 Units

Delta Estates is a 64-unit affordable housing community located in Edcouch, TX. The property was built in 1999 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. Delta Estates is located near public schools, parks, and area retail. There is an existing regulatory agreement in place which requires units to be rented to income qualifying residents earning no more than 50% and 60% of Area Medium Income (AMI) limits, which are provided by the Texas Department of Housing & Community Affairs. The property is still in the initial tax credit compliance period. A qualified purchaser can be a non-profit or for-profit entity that agrees to maintain the affordable housing units and to fulfill all requirements of an existing regulatory agreement. Delta Estates offers one, two, and three bedroom floorplans featuring a fully equipped kitchen, open floor plans, community pool, playground, controlled access, and on-site leasing office. Edcouch is a city in Hidalgo County, Texas and has a population of 3,161. It is part of the McAllen Edinburg Mission and Reynosa McAllen metropolitan areas, which is ranked the sixth largest metropolitan area by population in the state of Texas. Edcouch is 22 miles north east of McAllen, TX. McAllen is the twenty-first most populous city in Texas and the largest city in Hidalgo County, Texas. It is on the Rio Grande, across from the Mexican city of Reynosa, and is about 70 miles west of South Padre Island and the Gulf of Mexico. McAllen has a population of 140,717 and the McAllen Edinburg Mission metropolitan area is at 804,934. Today the McAllen Edinburg Mission metropolitan area is one of the fastest growing metropolitan areas in the United States, The introduction of the maquiladora economy and the North American Free Trade Association led to a boom in international trade, cross-border commerce with Mexico, and health care. McAllen is home to South Texas College with over 27,000 students spread across their 5 campuses in Hidalgo and Starr counties and the eSTC virtual campus.