300 SE Saint Lucie Blvd, Stuart, FL 34996
Waiting List Forecast: Likely Short or None
Verified for 2021 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $707 - 903 per Month† | 1 - 3 Beds | 1 - 2 Baths | 698 - 1,070 Sq Ft |
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.
Ocean Pointe Apartments in Stuart, Florida offers a great location just minutes away from Memorial Park and Jensen Beach with convenient access to shopping and dining on US 1 and SE Ocean Boulevard. Ocean Pointe provides a wide range of resident amenities such as a swimming pool, 24-hour fitness center, and outdoor basketball court. Ocean Pointe has an option of one, two- and three-bedroom floor plans offering spacious walk-in closets, laundry rooms with washer/dryer connections and fully-equipped, open kitchens. Experience the many benefits of this Stuart, Florida apartment community. At Ocean Pointe Apartments, we bring comfort, convenience, and affordability home.
Before you submit an application, read below
In order for this community to be in compliance with Section 42 of the Internal Revenue Code, we must ensure that all residents meet the income requirements of the tax credit program. The maximum allowable total income is based on the total number of persons in your household. Thus, it is necessary to verify the income of your entire household, which includes income from all sources. HUD determines the income limits using a percentage of the median income of the City and/or County of this community. All of our residents are thoroughly screened by an independent agency that looks at prior rental references, credit, and criminal backgrounds. Only those persons who pass this check are approved to live here.
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 Ocean Pointe 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 698ft2 | $707† |
| Two Bedroom (2/2) | 951ft2 | $853† |
| Three Bedroom (3/2) | 1070ft2 | $903† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,650 / year | $33,900 / year | $38,150 / year | $42,350 / year | $45,750 / year | $49,150 / year |
| 50% AMI for PBRA Units | $29,650 / year | $33,900 / year | $38,150 / year | $42,350 / year | $45,750 / year | $49,150 / year |
| 60% AMI for LIHTC Units | $35,580 / year | $40,680 / year | $45,780 / year | $50,820 / year | $54,900 / year | $58,980 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Ocean Pointe have a waiting list?
Ocean Pointe 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 Ocean Pointe?
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 Ocean Pointe?
Ocean Pointe is managed by RAM Partners, LLC headquartered in Atlanta, Georgia.
In addition to Ocean Pointe, how many other affordable housing properties (and units) are there in Stuart?
In addition to Ocean Pointe, we list 8 other affordable properties in Stuart. Learn about these properties here. Our data research shows that there are a total of 1146 affordable units in Stuart.
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