Oak Manor Apartments

2000 Peach Street, Monroe, Louisiana 71202

Contact Oak Manor Apartments

Oak Manor Apartments is an affordable apartment complex located in Monroe, Louisiana and offers 1,2 and 3 bedroom units.

Please contact the leasing office for more information.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	585	Call for Price
2 Bedroom (2/1)	735	Call for Price
3 Bedroom (3/1)	885	Call for Price

Eligibility for Oak Manor Apartments

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 Monroe but actual income limits may differ for units at Oak Manor Apartments .

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$14,580	$19,720	$24,860	$30,000	$33,450	$35,950
50%	$21,700	$24,800	$27,900	$30,950	$33,450	$35,950
80%	$34,650	$39,600	$44,550	$49,500	$53,500	$57,450

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 Monroe but actual income limits may differ for units at Oak Manor Apartments .

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$21,700	$24,800	$27,900	$30,950	$33,450	$35,950
Low Income (60%)	$26,040	$29,760	$33,480	$37,140	$40,140	$43,140

Oak Manor Apartments Details

88 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Rental Assistance (PBRA)
FHA Mortgage Insurance/subsidy
Section 221 (d) (3)

Unit Amenities

Electric Range
Heating

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 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.