Income Verified (IV) Reserved Spaces
Spaces available as “Income Verified” (IV) reserved are for members who make less than 50% of the median family income of Austin. If you receive need-based financial aid from your university or college, you automatically qualify for these reserved spaces! As an IV member, you qualify for a reduced parking pass fee, additional renter’s protections, reduced monthly rent rate, and a 3% discount off of rent if you pay by semester.
IV Reserved spaces are not different from other rooms. These rooms remain reserved throughout the year for qualified residents. IV spaces cannot be leased to residents who do not qualify. These reserved spaces can be any room at 21st Street, and Super Co-op. IV Reserved rooms are not available at Pearl, Taos, and Opsis. If members qualify as IV but want to live in a house that does not have reserved spots, College Houses still offers a 3% reduction for members who pay a semester’s rent in full, and a reduced parking pass fee.
If you need affordable student housing in Austin and you think you might qualify for an Income Verified reserved space, please submit a free application online! To receive an Income Verified Lease, select “Yes” when the application asks “Will you receive need-based financial aid during the academic year?”.
Qualifying Documents to Verify Your Income
Most students are able to verify their income by submitting their need-based financial aid, which automatically qualifies potential and current members for IV reserved spaces. If you do not receive need-based financial aid but make less than 50% of Austin’s MFI, please reach out to our Membership Process Coordinator, Sophia F., to find other ways to verify your eligibility.
University Neighborhood Overlay (UNO) Density Bonus Program
The City of Austin’s University Neighborhood Overlay (UNO) Density Bonus Program is a zoning initiative aimed at increasing housing capacity and affordability in the West Campus area near the University of Texas. The UNO program allows developers to build taller, denser buildings in exchange for providing affordable housing units or paying fees to fund affordable housing projects. It focuses on fostering walkable, high-density urban development while addressing student housing needs. Developers in this program must meet specific design, environmental, and community benefit standards to qualify for the program. Affordable units created through the program are reserved for households earning a percentage of the Area Median Income (AMI), typically targeting students and low-to-moderate-income renters. This initiative contributes to Austin’s broader goals of sustainable urban growth and inclusivity.