Eligibility for Oakwood Terrace I
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 Pensacola but actual income limits may differ for units at Oakwood Terrace I.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $17,200 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% | $28,650 | $32,750 | $36,850 | $40,900 | $44,200 | $47,450 | $50,750 | $54,000 |
| 80% | $45,850 | $52,400 | $58,950 | $65,450 | $70,700 | $75,950 | $81,200 | $86,400 |
Oakwood Terrace I Details
- 200 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.
Nearby Low Income Apartment Communities like Oakwood Terrace I
Sugar Hill Apartments
Alabaster Gardens
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