1121 Red Oak Court, Champaign, IL 61820
Waiting List Forecast: Closed
Verified for 2022 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1.5 Bath | 1,045 - 1,232 Sq Ft |
Oakwood Trace Waiting List
The Housing Authority of Champaign County (HACC) Family Section 8 Project Based Voucher waiting list for 2 and 3-Bedroom apartments at Oakwood Trace is currently closed. Applications were last accepted from October 19, 2020 until October 31, 2020.
To apply during the opening period, applicants were required to complete the online application.
This waiting list had the following preferences:
Selected applicants were placed on the waiting list by date and time the application is received, weighed by order of preferences.
For more information, visit the HACC website.
Sources: This information was verified by the News-Gazette public notice, as of October 19, 2020.
Go to the public housing authority page for this waiting list >>
Oakwood Trace is a 50-unit mixed income apartment community for families with children. The property has 39 units that are income restricted under the Low-Income Housing Tax Credit Program and 11 unrestricted market rate units. Project Based Voucher provides rental assistance to all income restricted units.
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 Oakwood Trace Apartments 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 |
|---|---|---|
| 2 Bedroom (2/1.5) | 1045ft2 | Call for Price† |
| 3 Bedroom (3/1.5) | 1232ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $33,850 / year | $38,700 / year | $43,550 / year | $48,350 / year | $52,250 / year | $56,100 / year |
| 50% AMI for PBRA Units | $33,850 / year | $38,700 / year | $43,550 / year | $48,350 / year | $52,250 / year | $56,100 / year |
| 60% AMI for LIHTC Units | $40,620 / year | $46,440 / year | $52,260 / year | $58,020 / year | $62,700 / year | $67,320 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Oakwood Trace Apartments have a waiting list?
Oakwood Trace Apartments has a waiting list. See above for waiting list details.
Are rents subsidized at Oakwood Trace Apartments?
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.
In addition to Oakwood Trace Apartments, how many other affordable housing properties (and units) are there in Champaign?
In addition to Oakwood Trace Apartments, we list 18 other affordable properties in Champaign. Learn about these properties here. Our data research shows that there are a total of 1146 affordable units in Champaign.
Wait until you have a Section 8 voucher to find housing.
It usually takes months or years to reach the top of a Section 8 HCV waiting list. Any apartments you see now will likely not be available when you get your voucher.Takesha Powell says:
"Affordable Housing Online is a great resource that provides a lot of helpful links to get low-income and affordable housing."