Red Oak Park is home to 59 duplexes, triplexes and single family homes. The buildings feature solar panels and many energy efficient features which help reduce utility costs and environmental impact. This community features a green space, playground, Community Center, and is centrally located with easy access to RTD bus routes, schools and shopping.
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 Boulder but actual income limits may differ for units at Red Oak Park.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$40,950||$46,800||$52,650||$58,450||$63,150||$67,850||$72,500||$77,200|
|Low Income (60%)||$49,140||$56,160||$63,180||$70,140||$75,780||$81,420||$87,000||$92,640|
Red Oak Park is managed by Boulder Housing Partners.