Magnolia Ridge

702 South Jardot Road, Stillwater, Oklahoma 74074

Contact Magnolia Ridge

Magnolia Ridge is an affordable apartment community offering two and three bedroom units.

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/2)	-	From $525 To $595
3 Bedroom (3/2)	-	From $605 To $685

This project has been funded and will begin construction soon.

Eligibility for Magnolia Ridge

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 Stillwater but actual income limits may differ for units at Magnolia Ridge.

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

Magnolia Ridge Details

23 two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Snow Removal
Storm Shelter

Unit Amenities

Handicapped Accessible
Dishwasher
Washer and Dryer Hookup
Water Trash and Sewer Included
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.