The Wells Building, originally the Clayton Building was built in 1918 in the heart of downtown Sapulpa. It contained a furniture store on the first level with the upper four floors housing professional offices. After 90 years and several modifications, the Wells Building has been restored to its early 1900 character. It now houses 32 apartments on the upper four floors with spacious support and community areas for the residents on the first floor.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 BR (1/1) | 547 | From $395 To $430 |
2 BR (2/1) | 728 | From $460 To $555 |
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 Sapulpa but actual income limits may differ for units at Wells Building.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $29,850 | $34,100 | $38,350 | $42,600 |
Low Income (60%) | $35,820 | $40,920 | $46,020 | $51,120 |
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.