Water Oak Apartments

315C Water Oak Cir, Orange City, Florida 32763

Contact Water Oak Apartments

Beautiful affordable housing senior community for 62 years or older or disabled. Close to shopping, restaurants, public transportation and hospital. On site laundry facility and management office. Please contact site manager for more details.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	560	Income Based

Waiting List is Open Now

Last updated on April 18th, 2018

Water Oak Apartments is accepting applications and does not have a waiting list.

Last updated on April 18th, 2018

Eligibility for Water Oak Apartments

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 Orange City but actual income limits may differ for units at Water Oak Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$27,100	$31,000	$34,850	$38,700	$41,800	$44,900	$48,000	$51,100
Low Income (60%)	$32,520	$37,200	$41,820	$46,440	$50,160	$53,880	$57,600	$61,320

Water Oak Apartments Details

40 one bedroom units.
Garden
Low-Income Housing Tax Credit (LIHTC)
Section 521 USDA Rental Assistance
Section 515 Rural Rental Housing

Property Amenities

Community Room
On-Site Manager
Laundry Room
24hr Emergency Maintenance
Emergency Pull Cord

Unit Amenities

Air Conditioning
Handicapped Accessible
Cable Ready
Window Coverings
Carpet
Patio Deck Or Balcony
Private Entrance

Nearby Amenities

Close to Business District
Close to Dining
Close to Downtown District
Close to Public Transportation
Close to Shopping

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.