Oak Valley Apartments

259 Laing St, Redgranite, Wisconsin 54970

Contact Oak Valley Apartments

Oak Valley serves residents 62 and older or handicapped/disabled of any age and offers 1-bedroom apartments at a convenient location in Redgranite, Wisconsin. The spacious apartments include energy efficient electric appliances. Our community is tobacco-free and features a laundry facility, picnic area, community room, and more. Oak Valley is 3 minutes from shopping and dining and is near Redgranite Lake. Contact us to speak with our friendly local staff and find out how you can make Oak Valley your new home!

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	$515

Eligibility for Oak Valley 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 Redgranite but actual income limits may differ for units at Oak Valley Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$29,750	$34,000	$38,250	$42,500	$45,900	$49,300	$52,700	$56,100
Low Income (60%)	$35,700	$40,800	$45,900	$51,000	$55,080	$59,160	$63,240	$67,320

Oak Valley Apartments Details

12 one bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Controlled Access
BBQ and Picnic Area
Community Room
On-Site Manager
Laundry Facilities

Unit Amenities

Oven and Range

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 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.