Heritage Park Apartments

600 McElroy Drive, Oxford, MS 38655

Waiting List Forecast: Likely Short or None

check_circleVerified for 2020 by Kim Lerstang, Joshua Cappell

Rent	Beds	Baths	SqFt
$650 - 695 per Month^†	2 Beds	2 Baths	960 Sq Ft

Call (662) 236-4433 Email

Waitlist Forecast

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.

Heritage Park Apartments is a unique apartment community in Oxford, designed with you in mind, with the best of everything in comfortable living. Each Heritage Park apartment features walk-in closets, washer/dryer hookups, a frost-free refrigerator with ice maker, dishwasher, mini-blinds, nice carpeting, and a patio. All apartments are handicapped adaptable. Step outside your apartment, and you'll find Heritage Park offers a sparkling pool with spacious sun deck, resident clubroom, laundry center, central postal station, beautifully landscaped grounds, two gazebos, professional on-site management and 24-hour emergency maintenance. Residents of Heritage Park Apartments don't have to travel far to enjoy the best of Oxford and Lafayette County. Located on McElroy Drive, just off College Hill Road, residents are close to Jackson Avenue, which runs from the Square to West Oxford, making it very convenient to Oxford's stores, restaurants, churches, and Ole Miss. Also, those who love the outdoors, Sardis Lake is just a few miles away.

Dave's Thoughts On Heritage Park Apartments

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 Heritage Park 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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

Heritage Park Apartments Amenities

Community Room
Pool
Close to Dining
Close to Shopping
Near Park
Near Schools
Laundry Room
24hr Emergency Maintenance
Air Conditioning
Washer and Dryer Hookup
Cable Ready
Walk-in Closet(s)
Carpet
Private Patios

Units at Heritage Park Apartments

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/2)	960ft²	$650 $695^†

Income Qualification for Heritage Park Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
50% AMI for LIHTC Units	$26,700 / year	$30,500 / year	$34,300 / year	$38,100 / year
50% AMI for PBRA Units	$26,700 / year	$30,500 / year	$34,300 / year	$38,100 / year
60% AMI for LIHTC Units	$32,040 / year	$36,600 / year	$41,160 / year	$45,720 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Heritage Park Apartments

Does Heritage Park Apartments have a waiting list?

Heritage Park Apartments 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 Heritage Park 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.

What property management company manges Heritage Park Apartments?

Heritage Park Apartments is managed by Ambling Management Company headquartered in Atlanta, Georgia.

In addition to Heritage Park Apartments, how many other affordable housing properties (and units) are there in Oxford?

In addition to Heritage Park Apartments, we list 17 other affordable properties in Oxford. Learn about these properties here. Our data research shows that there are a total of 879 affordable units in Oxford.

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