Oakwood Community

300 Wayne St., Columbia, Tennessee 38401

Contact Oakwood Community

Oakwood is an affordable community offering 2-, 3-, and 4-bedroom units. Pets are allowed in this community for an additional deposit.

Unit (Bd/Ba)	Ft²	Rent
Two Bedroom (2/1)	719	Call for Price
Three Bedroom (3/1)	974	Call for Price
Four Bedroom (4/1)	1103	Call for Price

Eligibility for Oakwood Community

Oakwood Community Details

50 two, three and four bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Rental Assistance Demonstration (RAD)

Unit Amenities

Washer and Dryer Hookup
Cable Ready
Energy Efficient Appliances

Office Hours

Day	Hours
Monday	7:30am-4:00pm
Tuesday	7:30am-4:00pm
Wednesday	7:30am-4:00pm
Thursday	7:30am-4:00pm
Friday	7:30am-4:00pm

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.

Rental Assistance Demonstration (RAD)

Since this property is subsidized in part through the Rental Assistance Demonstration (RAD), some apartments may have Section 8 Project-Based Rental Assistance (PBRA) or Section 8 Project-Based Vouchers (PBV). With either type of subsidy, tenant rent payments are 30% of their adjusted monthly income. Households earning less than 80% of the area median income may qualify for PBRA or PBV reduced rents. Some of these subsidized apartments may be reserved for extremely low-income households earning less than 30% of the area median income. If the apartment has a PBV, the tenant may qualify for a Section 8 Housing Choice Voucher (HCV) after living there at least one year. Some rental units in this property may not have PBRA or PBV subsidies and therefore may have higher rents.