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Oakland Square Apartments

76 Oakland St, Red Bank, New Jersey 7701

Oakland Square Apartments are an affordable apartment complex in Red Bank, New Jersey.

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price

Eligibility for Oakland Square Apartments

Oakland Square Apartments Details

  • 8 one and two bedroom units.
  • Section 8 Project-Based Voucher (PBV)
  • 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.