Oakridge Apartments

406 SW 2nd St, Russell, Arkansas 72139

Oakridge Apartments offer 1 and 2 bedroom family units. The property features include: Central Heat/Air, Fire Stops, Laundry Room, On-Site Manager, Parking, Range/Hood, and Refrigerator.

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Units

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

Oakridge Apartments Details

  • 10 one and two bedroom units.
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • On-Site Manager
  • Laundry Room
  • On-Site Parking

Unit Amenities

  • Refrigerator
  • Central Heat & Air

Office Hours

Day Hours
Monday 8:00am-4:30pm
Tuesday 8:00am-4:30pm
Wednesday 8:00am-4:30pm
Thursday 8:00am-4:30pm
Friday 8:00am-4:30pm

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.

Russell HUD Rental Assistance Income Qualifications

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 Russell but actual income limits may differ for units at Oakridge Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,880 $17,420 $21,960 $26,500 $31,040 $34,650 $37,050 $39,450
50% $20,900 $23,900 $26,900 $29,850 $32,250 $34,650 $37,050 $39,450
80% $33,450 $38,200 $43,000 $47,750 $51,600 $55,400 $59,250 $63,050

Oakridge Apartments is managed by MACO Management Company.

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