Oak Creek Terrace is proximate and easily accessibility to neighborhood amenities, including public park, public schools, grocery store, destination retail center, public transportation, pharmacy, and other services. The property is located on the north side of First Street. It opened in March 2016. The property contains a number of mature trees within and outside of the northerly riparian corridor.It is located within an established residential neighborhood with the Creekside Park apartment complex to the east and Napa Creek with single family homes across the creek to the north.
Because this is a family project with a number of younger children, there is a community room with computer work stations. Additionally there are laundry facilities and an outdoor courtyard play area. This arrangement also allows for a picnic and BBQ area to function in conjunction with the community room. Shade structures provide interest to the space and protection from mid-day sun during the summer.
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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.
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 Napa but actual income limits may differ for units at Oak Creek Terrace.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$37,950||$43,350||$48,750||$54,150||$58,500||$62,850||$67,150||$71,500|
|Low Income (60%)||$45,540||$52,020||$58,500||$64,980||$70,200||$75,420||$80,580||$85,800|
Oak Creek Terrace is managed by Napa Valley Community Housing.