Oakland Terrace

887 Franklin St , Jacksonville, Florida 32206

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Eligibility for Oakland Terrace

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Jacksonville but actual income limits may differ for units at Oakland Terrace.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$18,600	$21,250	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$31,000	$35,400	$39,850	$44,250	$47,800	$51,350	$54,900	$58,450
80%	$49,600	$56,650	$63,750	$70,800	$76,500	$82,150	$87,800	$93,500

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Jacksonville but actual income limits may differ for units at Oakland Terrace.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$31,000	$35,400	$39,850	$44,250	$47,800	$51,350	$54,900	$58,450

Oakland Terrace Details

60 bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Section 221 (d) (3)

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.