2003 Forum Dr, Rolla, MO 65401
Waiting List Forecast: Likely Short or None
Verified for 2022 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 - 1.5 Bath | 837 - 904 Sq Ft |
This property is currently under construction.
This 80-unit property is undergoing a complete renovation. Units will be equipped with all new appliances including a washer & dryer, New HVAC systems, roofing, windows and more.
Diamond Apartments ,formally known as Oak Tree, located at 2005 Forum Drive, Rolla, MO, were built in 1994 through an MHDC (Missouri Housing Development Commission) funded project.
This 80-unit property is undergoing a complete renovation. Units will be equipped with all new appliances including a washer & dryer, New HVAC systems, roofing, windows and more.
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 Diamond Apartment (formally Oaktree 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) | 837ft2 | Call for Price† |
| 3 Bedroom (3/1.5) | 904ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $25,050 / year | $28,600 / year | $32,200 / year | $35,750 / year | $38,650 / year | $41,500 / year |
| 50% AMI for PBRA Units | $25,050 / year | $28,600 / year | $32,200 / year | $35,750 / year | $38,650 / year | $41,500 / year |
| 60% AMI for LIHTC Units | $30,060 / year | $34,320 / year | $38,640 / year | $42,900 / year | $46,380 / year | $49,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Diamond Apartment (formally Oaktree Apartments) have a waiting list?
Diamond Apartment (formally Oaktree 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 Diamond Apartment (formally Oaktree 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 Diamond Apartment (formally Oaktree Apartments)?
Diamond Apartment (formally Oaktree Apartments) is managed by HRM headquartered in Washington, MO.
In addition to Diamond Apartment (formally Oaktree Apartments), how many other affordable housing properties (and units) are there in Rolla?
In addition to Diamond Apartment (formally Oaktree Apartments), we list 18 other affordable properties in Rolla. Learn about these properties here. Our data research shows that there are a total of 530 affordable units in Rolla.
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