Rose Rock Estates I &II

713 S Cedar St, Sallisaw, Oklahoma 74955

Contact Rose Rock Estates I &II

Time spent visiting Sallisaw's many historical and entertainment sites can keep you busy for many active days. The area's natural beauty which encompasses lakes, mountains, and a wildlife refuge are an exciting part of our lifestyle. Historical ties to the famous Trail of Tears migration are strong connections to the culture and history of the Cherokee nation. Literary bonds with one of America's greatest novels, Steinbeck's “The Grapes of Wrath” provide even more fascinating insights into the core of what makes Sallisaw the fantastic community lifestyle you will enjoy.

Once again, Rural Housing Developers, through its affiliate Murdoch Contracting, has completed a total rehabilitation of two of our properties in order to give our valued residents an entirely new and substantially upgraded lifestyle.

The management of our two properties in Sallisaw, Oklahoma; RoseRock I and II (formerly Sallisaw Heights and HLM Apartments) has always been devoted to the comfort of our residents.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	585	$480
2 Bedroom (2/1)	735	$555

Eligibility for Rose Rock Estates I &II

Rose Rock Estates I &II Details

48 one and two bedroom units.
Section 515 Rural Rental Housing
HOME Investment Partnerships Program
Low-Income Housing Tax Credit (LIHTC)
Section 521 USDA Rental Assistance

Property Amenities

Laundry Room

Unit Amenities

Central Heat & Air
Energy Efficient Appliances
Energy Efficient Light Fixtures

Nearby Amenities

Close to Shopping
Near Park

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

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.

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.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.