Grove at Oakmont, located at 400 E Waring Street in Waycross, has one, two and three bedroom apartments. Grove at Oakmont participates in the HOME Investment Partnerships Program, Low-Income Housing Tax Credit (LIHTC) and Rental Assistance Payments (RAP) programs.
|One A (1/1)||767||$317|
|Two A (2/2.5)||973||$425|
|Three A (3/2.5)||1267||$480|
Grove at Oakmont is an affordable community that offers one, two and three bedroom townhomes. Our peaceful community offer a laundry room,community room, library, and resident functions. Please call today to speak with our friendly staff about making an appointment.
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
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.
Since this property has received funding through the HUD Section 236 program and the Rental Assistance Program (RAP), a tenant who earns 50% of the Area Median Income (AMI) or less qualifies for rental assistance. The rental assistance limits the tenant rent contribution to the greater of 10% of their gross income, 20% of their adjusted income, or a designated portion of welfare assistance. If a tenant's income is above the 50% AMI level, they may still qualify to live here but not benefit from the rent subsidy.
Grove at Oakmont is managed by The Vantage Group.