Arbor Oaks is managed by Community Management Corporation.
Arbor Oaks features open/flowing floor plans in each two and three bedroom garden apartment. Enjoy the comfort and convenience of a new apartment home in the Gateway Commons community. Accessible apartments are available and offer specially designed features for persons with mobility impairments and additional apartments are designed to accommodate persons with hearing and/or visual impairments.
Just minutes from downtown Winston-Salem, and a short walk to MLK Recreation Center and Kimberly Park Pool. Our residents enjoy two playgrounds, picnic areas, a gazebo, and walking trails. In addition, a computer learning center and resident business center are available on premises. Give us a call today - we are waiting to show you the way to your new home!
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
2 Bedroom (2/1) | - | Call for Price |
3 Bedroom (3/1) | - | Call for Price |
Currently accepting applications.
Last updated on July 25th, 2019Generally, 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 Winston Salem but actual income limits may differ for units at Arbor Oaks.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $28,550 | $32,600 | $36,700 | $40,750 | $44,050 | $47,300 |
Low Income (60%) | $34,260 | $39,120 | $44,040 | $48,900 | $52,860 | $56,760 |
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.
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
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.