101 S 11th St, Marion, IA 52302
Waiting List Forecast: Likely Long or Closed
Verified for 2021 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
This property participates in the Section 8 Project-Based Rental Assistance program meaning the rent for many, if not all, units is based on a tenant's income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. This property was also financed through a HUD-insured private mortgage meaning the owner has oversight from both a private bank and HUD. This usually means Oak Village Senior Residences is kept in good condition. Since this property has a project-based Section 8 contract, you won't need a Section 8 voucher to live here. If you have a voucher, you may have to give it up to live here.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $19,900 / year | $22,750 / year | $25,600 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $33,150 / year | $37,850 / year | $42,600 / year | $47,300 / year | $51,100 / year | $54,900 / year | $58,700 / year | $62,450 / year |
| 50% AMI for PBRA Units | $33,150 / year | $37,850 / year | $42,600 / year | $47,300 / year | $51,100 / year | $54,900 / year | $58,700 / year | $62,450 / year |
| 80% AMI for PBRA Units | $53,000 / year | $60,600 / year | $68,150 / year | $75,700 / year | $81,800 / year | $87,850 / year | $93,900 / year | $99,950 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Oak Village Senior Residences have a waiting list?
Oak Village Senior Residences probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Oak Village Senior Residences?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Oak Village Senior Residences?
Oak Village Senior Residences is managed by Pacific Management, Inc. headquartered in Chicago, IL.
In addition to Oak Village Senior Residences, how many other affordable housing properties (and units) are there in Marion?
In addition to Oak Village Senior Residences, we list 33 other affordable properties in Marion. Learn about these properties here. Our data research shows that there are a total of 416 affordable units in Marion.
1 Chapel Ridge Circle , Marion, Iowa 52302
5960 East Kacena Avenue, Marion, Iowa 52302
1362 Blairs Ferry Rd, Marion, Iowa 52302
Looking for landlords who will take a Section 8 voucher?
Ask your housing authority if they have a list of landlords who accept Section 8 Housing Choice Vouchers.Douglas Cook says:
"Affordable Housing Online is a good resource to keep you updated."