Oakwood Estates of Decatur

1454 W Mound Rd, Decatur, Illinois 62526

Contact Oakwood Estates of Decatur

Oakwood Estates is located just minutes north of Downtown Decatur and Lake Decatur and offers affordable 1-bedroom, 2-bedroom, and 3-bedroom floor plans. Each unit features a private patio or balcony, spacious closets, a pantry, and private entrances. The pet-friendly property offers community amenities such as on-site laundry facilities, a community room, a playground, and a basketball court.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	656	$579
Two Bedroom (2/1)	861	$698
Three Bedroom (3/2)	1016	$786

Eligibility for Oakwood Estates of Decatur

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 Decatur but actual income limits may differ for units at Oakwood Estates of Decatur.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$28,500	$32,550	$36,600	$40,650	$43,950	$47,200	$50,450	$53,700
Low Income (60%)	$34,200	$39,060	$43,920	$48,780	$52,740	$56,640	$60,540	$64,440

Oakwood Estates of Decatur Details

80 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Playground
Basketball Court
Community Room
24hr Emergency Maintenance
Laundry Facilities
Picnic Area

Unit Amenities

Air Conditioning
Ceiling Fan(s)
Private Entrance
Kitchen Pantry
Linen Closets
Heating

Office Hours

Day	Hours
Monday	8:30am-5:30pm
Tuesday	8:30am-5:30pm
Wednesday	8:30am-5:30pm
Thursday	8:30am-5:30pm
Friday	8:30am-5:30pm
Saturday	Closed
Sunday	Closed

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.