Oakwood Village

1915 1st St NE, Havre, Montana 59501

Contact Oakwood Village

Oakwood Village is a HUD Apartment. HUD residents usually pay 30% of their gross income for rent. The rent amount, less approved HUD deductions such as medical and child care expenses, and other allowances, includes a utility allowance. HUD Residents also may choose to pay what is known as flat rent. The HACC works with applicants to determine which rent arrangement is best for them. Oakwood Village is a Family low income housing apartment subsidized by the federal governments HUD (Housing and Urban Development Division).

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/2)	914	Call for Price
3 Bedroom (3/2)	1164	Call for Price

Eligibility for Oakwood Village

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 Havre but actual income limits may differ for units at Oakwood Village.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$17,650	$20,200	$24,860	$30,000	$35,140	$40,280
50%	$29,400	$33,600	$37,800	$42,000	$45,400	$48,750
80%	$47,050	$53,800	$60,500	$67,200	$72,600	$78,000

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 Havre but actual income limits may differ for units at Oakwood Village.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$29,400	$33,600	$37,800	$42,000	$45,400	$48,750

Oakwood Village Details

60 two and three bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

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.

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.