Diamond Apartment (formally Oaktree Apartments)
2003 Forum Dr, Rolla, Missouri 65401
Contact Diamond Apartment (formally Oaktree Apartments)
Diamond Apartment (formally Oaktree Apartments) is managed by HRM.
Diamond Apartments ,formally known as Oak Tree, located at 2005 Forum Drive, Rolla, MO, were built in 1994 through an MHDC (Missouri Housing Development Commission) funded project.
This 80-unit property is undergoing a complete renovation. Units will be equipped with all new appliances including a washer & dryer, New HVAC systems, roofing, windows and more.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 2 Bedroom (2/1) | 837 | Call for Price |
| 3 Bedroom (3/1.5) | 904 | Call for Price |
This property is currently under construction.
This 80-unit property is undergoing a complete renovation. Units will be equipped with all new appliances including a washer & dryer, New HVAC systems, roofing, windows and more.
Eligibility for Diamond Apartment (formally Oaktree Apartments)
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 Rolla but actual income limits may differ for units at Diamond Apartment (formally Oaktree Apartments).
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
|---|---|---|---|---|---|---|
| Very Low Income (50%) | $25,050 | $28,600 | $32,200 | $35,750 | $38,650 | $41,500 |
| Low Income (60%) | $30,060 | $34,320 | $38,640 | $42,900 | $46,380 | $49,800 |
Diamond Apartment (formally Oaktree Apartments) Details
- 80 two and three bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- Community Room
- 24hr Emergency Maintenance
- Lawn Care
- Pest Control
Unit Amenities
- Central Heat & Air
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.
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