Oak Park

1225 Tidewater Dr, Norfolk, Virginia 23523

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Eligibility for Oak Park

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 Norfolk but actual income limits may differ for units at Oak Park.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$20,800	$23,800	$26,750	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$34,650	$39,600	$44,550	$49,500	$53,500	$57,450	$61,400	$65,350
80%	$55,450	$63,400	$71,300	$79,200	$85,550	$91,900	$98,250	$104,550

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 Norfolk but actual income limits may differ for units at Oak Park.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$34,650	$39,600	$44,550	$49,500	$53,500	$57,450	$61,400	$65,350
Low Income (60%)	$41,580	$47,520	$53,460	$59,400	$64,200	$68,940	$73,680	$78,420

Oak Park Details

40 bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.