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An extensive list of coronavirus resources for low-income households can be found here.

Oakview Apartments

1701 E Broad St, Millville, New Jersey 08332

Oakview Apartments is nestled in historic Millville. We are a 210-unit community located less that a quarter of a mile from State Route 55, Route 49 and Route 555. All 3 will lead you to either a major city or the Atlantic Ocean. This location is convenient to shopping, offers an excellent school district, golf courses, nature trails, bike and walking paths, swimming, sporting events and lots of history. In addition to offering convenience, Oakview Apartments offers residents a community room for special events, which as of January 11, 2010 became an official Neighborhood Network Center, offering many programs of it's own. Oakview is equipped with 2 newly renovated laundry rooms with full washers and dryers, 2 playgrounds, 18 property surveillance cameras, off-street parking, ample storage and spacious floor plans.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 575 Call for Price
Two Bedroom Townhouse (2/1) 740 Call for Price
Two Bedroom (2/1) 780 Call for Price
Three Bedroom (3/2) 895 Call for Price
Four Bedroom (4/2) 1115 Call for Price

Oakview Apartments Details

  • 210 one, two, three and four bedroom units.
  • Section 236
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Laundry Room
  • 24hr Emergency Maintenance
  • Off-Street Parking

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Spacious Closets
  • Window Coverings
  • Refrigerator

Nearby Amenities

  • Close to Dining
  • Close to Public Transportation
  • Close to Shopping

Section 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.

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.

Millville 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 Millville but actual income limits may differ for units at Oakview Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,400 $17,600 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% $25,700 $29,400 $33,050 $36,700 $39,650 $42,600 $45,550 $48,450
80% $41,100 $47,000 $52,850 $58,700 $63,400 $68,100 $72,800 $77,500

Millville 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 Millville but actual income limits may differ for units at Oakview Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,700 $29,400 $33,050 $36,700 $39,650 $42,600 $45,550 $48,450
Low Income (60%) $30,840 $35,280 $39,660 $44,040 $47,580 $51,120 $54,660 $58,140

These general income qualifications for Millville, New Jersey should only be used as a basic guide. To find out if you qualify, contact the community directly.

Oakview Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Oakview Apartments has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Oakview Apartments is managed by Community Realty Management.

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