Finding the right place to call home is a significant decision, especially when you are looking for a community that balances comfort, convenience, and affordability. Lakeside Manor Apartments, located in the growing area of Little Elm, Texas, near Frisco, is a popular choice for individuals and families seeking quality housing. Because this property often operates under specific housing programs, understanding the leasing process and available floor plans is essential for a successful application.
This guide provides a comprehensive overview of what you can expect when looking for a home at Lakeside Manor. From exploring the different apartment layouts to navigating the income-restricted leasing requirements, we have compiled the information you need to make an informed decision and prepare your application materials.
Overview of Lakeside Manor Apartments
Lakeside Manor is designed to provide residents with a high standard of living in a peaceful suburban setting. Situated near the shores of Lewisville Lake, the community offers a blend of natural beauty and modern convenience. It is particularly well-known for being an affordable housing option in a region where market-rate rents are rapidly increasing.
The community is often categorized as a Low-Income Housing Tax Credit (LIHTC) property. This means that while the apartments are high-quality and well-maintained, the rent is kept at a lower rate to remain accessible to households that meet specific income criteria. This makes it a highly sought-after location, often resulting in high occupancy rates and waiting lists.
Exploring Available Floor Plans
Lakeside Manor offers several different floor plans to accommodate various household sizes. Whether you are a single professional, a couple, or a larger family, there is likely a layout that fits your needs. Most units are designed with an open-concept feel to maximize the available square footage.
One-Bedroom Floor Plans
The one-bedroom units are ideal for individuals or couples. These apartments typically feature a spacious living area that flows into a dining space and a functional kitchen. Residents often enjoy a large bedroom with an attached walk-in closet and a full bathroom. These units are designed for efficiency without sacrificing comfort.
Two-Bedroom Floor Plans
The two-bedroom layouts are perfect for small families or those who need a dedicated home office. These units usually feature a split-floor plan, where the bedrooms are located on opposite sides of the living area for maximum privacy. Each bedroom typically has easy access to a bathroom, and the kitchen often includes a breakfast bar for casual dining.
Three-Bedroom Floor Plans
For larger households, the three-bedroom apartments provide ample space. These units include multiple bathrooms and expanded living areas. The kitchens are typically equipped with full-sized appliances and plenty of cabinet space, making them suitable for families who enjoy cooking and eating together. Large windows in these units often provide plenty of natural light.
Understanding the Leasing Requirements
Because Lakeside Manor is an affordable housing community, the leasing process is more detailed than what you might find at a traditional market-rate apartment complex. It is important to be prepared for the documentation requirements and the eligibility screening process.
Income Limits and Eligibility
To qualify for an apartment at Lakeside Manor, your total household income must fall below a certain limit set by the Department of Housing and Urban Development (HUD). These limits are based on the Median Family Income for the Denton County area and vary depending on how many people will be living in the apartment.
When you apply, the leasing office will perform a thorough income verification. This includes looking at your gross annual income from all sources, including wages, social security, child support, and interest from assets. It is helpful to have your most recent tax returns and pay stubs ready before you visit the office.
The Application Process
The application process typically begins with a visit to the leasing office to fill out a formal application. You will likely be asked to pay an application fee, which covers the cost of background and credit checks. Unlike market-rate apartments, the approval process can take several days or even weeks because the management must verify all financial information to ensure compliance with housing programs.
- Step 1: Initial inquiry and tour of the community.
- Step 2: Completion of the application and payment of fees.
- Step 3: Submission of income and asset documentation.
- Step 4: Background and credit screening.
- Step 5: Final approval and lease signing.
Community Amenities and Features
Living at Lakeside Manor is about more than just the four walls of your apartment. The community is designed to foster a sense of belonging and provide residents with convenient on-site amenities. These features are intended to enhance your lifestyle and provide recreational opportunities right outside your door.
Interior Apartment Features
Each apartment is equipped with features designed for modern living. You can generally expect energy-efficient appliances, including a dishwasher, refrigerator, and stove. Many units also feature washer and dryer connections, central heating and air conditioning, and durable flooring that is easy to maintain. Private balconies or patios are also a common feature, providing a bit of outdoor space for each resident.
Shared Community Spaces
The grounds of Lakeside Manor are well-maintained and offer several shared spaces for residents to enjoy. This often includes a community clubhouse where residents can gather for events or relax. Many affordable housing communities of this caliber also provide a swimming pool, a fitness center, and a playground for children. These amenities provide great value and help create a true neighborhood atmosphere.
The Benefits of the Little Elm Location
The location of Lakeside Manor in Little Elm is one of its biggest selling points. Little Elm is known as the “Town with a Lakefront Attitude,” and it offers a unique quality of life that is hard to find elsewhere in the North Texas area.
Proximity to Lewisville Lake
Residents are just a short drive or walk away from the shores of Lewisville Lake. This provides endless opportunities for outdoor recreation, including boating, fishing, and hiking along the shoreline trails. Little Elm Park is a local favorite, featuring a sandy beach, sand volleyball courts, and frequent community festivals.
Access to Frisco and Beyond
While Little Elm offers a small-town feel, it is situated directly adjacent to Frisco, one of the fastest-growing cities in the United States. This means residents of Lakeside Manor have easy access to world-class shopping at Stonebriar Centre, professional sports venues like The Star and Toyota Stadium, and a wide array of dining and entertainment options. It is an ideal location for those who work in Frisco or Plano but prefer a slightly quieter place to live.
Tips for a Successful Application
Due to the popularity of Lakeside Manor, it is important to be proactive when seeking a lease. These tips can help you navigate the process more smoothly and increase your chances of securing a unit.
Check Availability Early
Affordable housing units often stay occupied, and vacancies are filled quickly. It is a good idea to contact the leasing office several months before your current lease expires. If there are no units available, ask to be placed on the waiting list. Being on the list ensures that you are contacted as soon as a unit that fits your needs becomes available.
Be Thorough with Documentation
The most common cause of delays in the application process is missing documentation. When you apply, bring copies of your social security cards for all household members, government-issued IDs, birth certificates for children, and at least six consecutive weeks of pay stubs. If you are self-employed, you will need to provide your full tax returns from the previous two years.
Communicate Regularly
Once you have submitted your application, stay in touch with the leasing office. Respond quickly to any requests for additional information. Showing that you are organized and eager can help the process move along more efficiently.
Conclusion
Lakeside Manor Apartments offers a fantastic opportunity for those seeking quality, affordable housing in the Little Elm and Frisco area. By understanding the floor plans, preparing for the income-restricted leasing process, and taking advantage of the community’s great location, you can find a comfortable home that fits your budget. If you are interested in making the move, the best first step is to contact the leasing office directly to inquire about current availability and specific income limits for the current year. For more tips on navigating the rental market and finding affordable housing solutions, explore our other articles on home and lifestyle guidance.