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Oak Knoll Apartments Phase II

1 Oak Knoll Dr, Festus, Missouri 63028

Oak Knoll Apartments, located in Festus, MO, is conveniently located to downtown Festus along Route 61.

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 741 Call for Price
2 Bedroom (2/2) 1030 Call for Price
3 bedroom (3/2) 1373 Call for Price

Eligibility for Oak Knoll Apartments Phase II

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 Festus but actual income limits may differ for units at Oak Knoll Apartments Phase II.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
Very Low Income (50%) $35,200 $40,200 $45,250 $50,250 $54,300 $58,300
Low Income (60%) $42,240 $48,240 $54,300 $60,300 $65,160 $69,960

Oak Knoll Apartments Phase II Details

  • 48 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
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 Oak Knoll Apartments Phase II
Image of Oak Knoll Apartments Phase II
Nearby Low Income Apartment Communities like Oak Knoll Apartments Phase II
Image of Festus Gardens in Festus, Missouri

Festus Gardens

506 Briar Ridge
Festus, Missouri
Subsidized
Rent Assisted
PBRA
LIHTC
BMIR
1 BR
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