Village at Oakwood is managed by Oklahoma City Housing Authority.
Village at Oakwood is an assisted living community that focuses on helping elderly people live independently, while still giving them access to the assistance they require. The senior living community works hand in hand with government programs that provide financial assistance to residents. Their apartments offer a cozy atmosphere filled with each resident’s own furnishings to give them a true sense of being home. The all-inclusive room and board covers rent, gas, water, electric, grounds and building maintenance, and meals so residents can stay busy living well without having to worry about the little things.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | 545 | Call for Price |
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 Oklahoma City but actual income limits may differ for units at Village at Oakwood.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
50% | $30,100 | $34,400 | $38,700 | $43,000 | $46,450 | $49,900 | $53,350 | $56,800 |
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 Oklahoma City but actual income limits may differ for units at Village at Oakwood.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $30,100 | $34,400 | $38,700 | $43,000 | $46,450 | $49,900 | $53,350 | $56,800 |
Low Income (60%) | $36,120 | $41,280 | $46,440 | $51,600 | $55,740 | $59,880 | $64,020 | $68,160 |
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.