Red Oak Apartments

507 W Red Oak Rd, Red Oak, Texas 75154

Welcome to Affordable Excellence!
We hope you will find Red Oak Apartments provides the best service and value in the market, while offering the opportunity to develop long standing relationships with neighbors in the community. Our management continuously focuses on maintaining the community to the highest standards possible. With our remodeled units and upgraded amenities we welcome you to come and see this property that we call home.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom One Bath (1/1)	-	Call for Price
Two Bedroom One Bath (2/1)	-	Call for Price

Eligibility for Red Oak Apartments

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 Red Oak but actual income limits may differ for units at Red Oak Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$36,100	$41,250	$46,400	$51,550
Low Income (60%)	$43,320	$49,500	$55,680	$61,860

Red Oak Apartments Details

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

Property Amenities

Playground
Community Room
Laundry Room
Landscaping
Smoke Free
Picnic Area

Unit Amenities

Cable Ready
Refrigerator
Energy Saving Windows
Stove

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 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.

Section 538 Guaranteed Rural Rental Housing

Section 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.

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.