The Villas Senior Village at Willow Oaks is managed by Edgewood Management Corporation.
This elderly affordable housing development consists of nine buildings containing a total of 40 villas. The units range from 728 square foot to 900 square foot. There are 37 one-bedroom and 3 two-bedroom Craftsman style units with individual entries and large covered front porches. All the apartments are single-level and handicap-accessible, with central air and heat and a washer and dryer.
This property contains a mix of market-rate and affordable units. However, there may not be any affordable units available at this mixed-income property. Please contact the property for more information.
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 Greensboro but actual income limits may differ for units at The Villas Senior Village at Willow Oaks.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
50% | $27,100 | $30,950 | $34,800 | $38,650 | $41,750 | $44,850 | $47,950 | $51,050 |
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 Greensboro but actual income limits may differ for units at The Villas Senior Village at Willow Oaks.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $27,100 | $30,950 | $34,800 | $38,650 | $41,750 | $44,850 | $47,950 | $51,050 |
Low Income (60%) | $32,520 | $37,140 | $41,760 | $46,380 | $50,100 | $53,820 | $57,540 | $61,260 |
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.
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.