Jasmine Court

500 South Timberridge Drive, Cushing, Oklahoma 74023

Contact Jasmine Court

2 and 3 bedroom – 2 bathroom units

Located at 411 S Timberridge Dr., Cushing, OK 74023

Developed and Managed by Excel Development Group

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/2)	-	From $445 To $500
3 Bedroom (3/2)	-	From $515 To $575

Eligibility for Jasmine Court

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 Cushing but actual income limits may differ for units at Jasmine Court.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$24,300	$27,750	$31,200	$34,650	$37,450	$40,200
Low Income (60%)	$29,160	$33,300	$37,440	$41,580	$44,940	$48,240

Jasmine Court Details

24 two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Energy Efficient Design
Snow Removal
Smoke Free
Storm Shelter

Unit Amenities

Handicapped Accessible
Washer and Dryer Hookup
Oven and Range
Fully Equipped Kitchen

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.

HOME Investment Partnerships Program

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.