The Oaks at Silver Ridge

2926 East Martin Luther King Jr. Dr., High Point, NC 27260

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2023 by Joshua Cappell
Rent Beds Baths SqFt
$527 - 740 per Month 1 - 3 Beds 1 Bath 775 - 1,060 Sq Ft
check_circle  Project-Based Rental Assistance

Waitlist Forecast

Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.

Located in a picturesque setting in High Point, North Carolina, the Oaks at Silver Ridge is an apartment community offering spacious, newly renovated one, two, and three bedroom apartments for rent. Each apartment features full equipped kitchens, central heat and air conditioning, and new, insulated windows. A new playground and gazebos are just a few of the extra community wide perks of living here. While offering a feeling of privacy and seclusion, the Oaks at Silver Ridge is just minutes away from local shopping, dining, and located close to Business 311 and I-85. Our professional, on-site management staff, including a maintenance staff who are proud to offer 24 hour, emergency maintenance service, is dedicated to providing exceptional service to all the residents of our community. They will be more than happy to answer any questions you may have or to help you schedule a tour of our facilities. Visit today, and enjoy living made easy at the Oaks at Silver Ridge!

“Our “Working Family Preference” means that a family with at least 1 working member (or if the head, co-head, or sole member is age 62 or older, or is a disabled person) will be given preference over all other nonworking applicants.”
Dave's Thoughts On The Oaks at Silver Ridge

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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your 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. LIHTC properties tend to have shorter waiting lists however, since The Oaks at Silver Ridge has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

The Oaks at Silver Ridge Amenities

  • Controlled Access
  • Playground
  • Community Room
  • Near Park
  • Near Schools
  • Spacious Closets
  • Water Trash and Sewer Included
  • Near Shopping
  • 24 Hour Maintenance
  • Close to Entertainment
  • Energy Efficient Appliances
  • New and Renovated Apartment Homes
  • Accent Walls
  • On-Site Laundry

Units at The Oaks at Silver Ridge

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 775ft2 $527
Two Bedroom (2/1) 885ft2 $641
Three Bedroom (3/1) 1060ft2 $740

Income Qualification for The Oaks at Silver Ridge

*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 5 people 6 people
30% AMI for PBRA Units $14,580 / year $19,720 / year $24,860 / year $30,000 / year $35,140 / year $40,150 / year
50% AMI for LIHTC Units $24,250 / year $27,700 / year $31,150 / year $34,600 / year $37,400 / year $40,150 / year
50% AMI for PBRA Units $24,250 / year $27,700 / year $31,150 / year $34,600 / year $37,400 / year $40,150 / year
60% AMI for LIHTC Units $29,100 / year $33,240 / year $37,380 / year $41,520 / year $44,880 / year $48,180 / year
80% AMI for PBRA Units $38,750 / year $44,300 / year $49,850 / year $55,350 / year $59,800 / year $64,250 / year

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

FAQs for The Oaks at Silver Ridge

Does The Oaks at Silver Ridge have a waiting list?

The Oaks at Silver Ridge 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 The Oaks at Silver Ridge?

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 The Oaks at Silver Ridge?

The Oaks at Silver Ridge is managed by Housing Management Resources headquartered in North Quincy, Massachusetts.

In addition to The Oaks at Silver Ridge, how many other affordable housing properties (and units) are there in High Point?

In addition to The Oaks at Silver Ridge, we list 64 other affordable properties in High Point. Learn about these properties here. Our data research shows that there are a total of 2654 affordable units in High Point.

When was the The Oaks at Silver Ridge listing last updated?

The Oaks at Silver Ridge listing on Affordable Housing Online was last updated on 01/02/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.

Listings Near The Oaks at Silver Ridge

Park Terrace

885 Sharon Circle, High Point, North Carolina 27260

bed 1-3
payment $785-1708/mo.
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Franklin Ridge Apartments

213 W. Hartley Drive, High Point, North Carolina 27265

bed 2-3
payment $852-960/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Spring Valley Apartments

509 B East Commerce Ave., High Point, North Carolina 27260

bed 1-3
payment Subsidized
accessibility Accessible

Morehead Courts

411 Park St, High Point, North Carolina 27260

bed Studio-1
payment Subsidized

William Booth Gardens

123 SW Cloverleaf Pl, High Point, North Carolina 27263

bed 1
payment Subsidized
elderly Senior
accessibility Accessible

Sheraton Towers

400 N Main St, High Point, North Carolina 27260

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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