New Caney Oaks

19633 Fm 1485, New Caney, Texas

Contact New Caney Oaks

New Caney Oaks is an affordable apartment complex offering 1-, 2-, and 3-bedroom units. This community offers many amenities including on-site laundry facilities, a community room, a playground, and a picnic area. Each unit is also wheelchair accessible and is wired for cable and high speed internet.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	633	From $614 To $630
Two Bedroom (2/1)	745	From $649 To $665
Three Bedroom (3/1)	910	From $754 To $770

Eligibility for New Caney Oaks

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 New Caney but actual income limits may differ for units at New Caney Oaks.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$19,600	$22,400	$25,200	$30,000	$35,140	$40,280
50%	$32,650	$37,300	$41,950	$46,600	$50,350	$54,100
80%	$52,200	$59,650	$67,100	$74,550	$80,550	$86,500

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 New Caney but actual income limits may differ for units at New Caney Oaks.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$32,650	$37,300	$41,950	$46,600	$50,350	$54,100
Low Income (60%)	$39,180	$44,760	$50,340	$55,920	$60,420	$64,920

New Caney Oaks Details

101 one, two and three bedroom units.
Section 515 Rural Rental Housing
Low-Income Housing Tax Credit (LIHTC)
Section 521 USDA Rental Assistance
Section 538 Guaranteed Rural Rental Housing

Property Amenities

Playground
Laundry Facilities
Smoke Free
High Speed Internet Access
Storage (in unit)

Unit Amenities

Microwave
Cable Ready
Refrigerator
Oven and Range

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.

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.