Oak Ridge Manor
20 9th Ave NE, Melrose, Minnesota 56352
Apartment complex offering 1 and 2 bedroom homes.
Waiting List is Open Now
Currently accepting applications for the waiting list. Since at least October 30th, 2018, there is immediate availability.
Last updated on October 30th, 2018Units
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | $620 |
| Two Bedroom (2/1) | - | $723 |
Oak Ridge Manor Details
- 25 one and two bedroom units.
- Section 8 Project-Based Rental Assistance
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- Elevator
- Community Room
- Gazebo
Unit Amenities
- Spacious floor plans
- Newly Remodeled Kitchens
Section 8 Project-Based Rental Assistance
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
Low-Income Housing Tax Credit (LIHTC)
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.
Melrose HUD Rental Assistance Income Qualifications
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Melrose but actual income limits may differ for units at Oak Ridge Manor.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $18,550 | $21,200 | $23,850 | $27,750 | $32,470 | $37,190 | $41,910 | $46,630 |
| 50% | $30,950 | $35,350 | $39,750 | $44,150 | $47,700 | $51,250 | $54,750 | $58,300 |
| 80% | $49,500 | $56,550 | $63,600 | $70,650 | $76,350 | $82,000 | $87,650 | $93,300 |
Melrose Low-Income Housing Tax Credit Income Limits
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Melrose but actual income limits may differ for units at Oak Ridge Manor.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $30,950 | $35,350 | $39,750 | $44,150 | $47,700 | $51,250 | $54,750 | $58,300 |
| Low Income (60%) | $37,140 | $42,420 | $47,700 | $52,980 | $57,240 | $61,500 | $65,700 | $69,960 |
Oak Ridge Manor is managed by Essence Property Management, Inc.
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