501 NW 5th Ave, Florida City, FL 33034
Waiting List Forecast: Likely Short or None
Verified for 2021 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 - 2 Baths | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
RIVER OAKS
smoke-free community.
Step into tropical seclusion and leave the stress of your everyday world behind. River Oaks, surrounded by lush landscaping, quiet breezes and picturesque views, is an escape from the everyday, with features and amenities provided to give you a lifestyle of beauty, freedom and convenience.
Enjoy quiet mornings savoring coffee on the balcony, overlooking the beautiful scenery. Take a refreshing dip in the resort-style swimming pool or relax in the beautifully appointed clubhouse. River Oaks’ commitment to service and excellence assures that your needs are met — in style — and that your life is filled with countless opportunities for relaxation and enjoyment.
If you choose to venture out, River Oaks offers unmatched ease and convenience with endless options for “seizing the day!” You’re just moments from dining, shopping and entertainment. You can spend less time “getting there” and more time enjoying life to the fullest.
Relax. Dream. Live. Welcome to your new lifestyle at River Oaks.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests River Oaks does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $36,150 / year | $41,300 / year | $46,450 / year | $51,600 / year | $55,750 / year | $59,900 / year |
| 50% AMI for PBRA Units | $36,150 / year | $41,300 / year | $46,450 / year | $51,600 / year | $55,750 / year | $59,900 / year |
| 60% AMI for LIHTC Units | $43,380 / year | $49,560 / year | $55,740 / year | $61,920 / year | $66,900 / year | $71,880 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does River Oaks have a waiting list?
River Oaks probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at River Oaks?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges River Oaks?
River Oaks is managed by Cornerstone Corporation headquartered in Westwood, Massachusetts.
In addition to River Oaks, how many other affordable housing properties (and units) are there in Florida City?
In addition to River Oaks, we list 14 other affordable properties in Florida City. Learn about these properties here. Our data research shows that there are a total of 1864 affordable units in Florida City.
33700 SW 187th Ave, Florida City, Florida 33034
33690 SW 187th Ave, Florida City, Florida 33034
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