Oakwood Trace is a 50-unit mixed income apartment community for families with children. The property has 39 units that are income restricted under the Low-Income Housing Tax Credit Program and 11 unrestricted market rate units. Project Based Voucher provides rental assistance to all income restricted units.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 2 Bedroom (2/1.5) | 1045 | Call for Price |
| 3 Bedroom (3/1.5) | 1232 | Call for Price |
Waiting List is Closed
Some units at this property are available through Housing Authority of Champaign County's Oakwood Trace Section 8 Project-Based Voucher Waiting List. Learn about this waiting list here.Eligibility for Oakwood Trace Apartments
Oakwood Trace Apartments Details
- 50 two and three bedroom units.
- Section 8 Project-Based Voucher (PBV)
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- Playground
- Clubhouse
- On-Site Maintenance
- Smoke Free
- High Speed Internet Access
- Wheel Chair Accessible
Unit Amenities
- Dishwasher
- Washer and Dryer Hookup
- Cable Ready
- Water Trash and Sewer Included
- Balconies or Patios Available
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.
Images of Oakwood Trace Apartments
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