1605 Oakcrest Dr, Kannapolis, NC 28083
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,301 - 1,673 per Month† | 2 - 4 Beds | 2 Baths | 947 - 1,375 Sq Ft |
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.
Come home to the quiet relaxation of Oak Crest Apartment Homes. Private and upscale, Oak Crest Apartment Homes is ideally located near major highways. With access to shopping, eateries, medical facilities, and public transportation, Oak Crest is sure to meet your every need. Experience the ease of deluxe apartment living at affordable prices. You'll have the time to pursue your interests while enjoying maintenance-free living.
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 Oak Crest 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/2) | 947ft2 | $1,301† |
| Three Bedroom (3/2) | 1262ft2 | $1,500† |
| Four Bedroom (4/2) | 1375ft2 | $1,673† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $34,900 / year | $39,900 / year | $44,900 / year | $49,850 / year | $53,850 / year | $57,850 / year | $61,850 / year | $65,850 / year |
| 50% AMI for PBRA Units | $34,900 / year | $39,900 / year | $44,900 / year | $49,850 / year | $53,850 / year | $57,850 / year | $61,850 / year | $65,850 / year |
| 60% AMI for LIHTC Units | $41,880 / year | $47,880 / year | $53,880 / year | $59,820 / year | $64,620 / year | $69,420 / year | $74,220 / year | $79,020 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Oak Crest Apartments have a waiting list?
Oak Crest 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 Oak Crest 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 Oak Crest Apartments?
Oak Crest Apartments is managed by Highmark Residential headquartered in Dallas, TX.
In addition to Oak Crest Apartments, how many other affordable housing properties (and units) are there in Kannapolis?
In addition to Oak Crest Apartments, we list 73 other affordable properties in Kannapolis. Learn about these properties here. Our data research shows that there are a total of 770 affordable units in Kannapolis.
When was the Oak Crest Apartments listing last updated?
Oak Crest Apartments listing on Affordable Housing Online was last updated on 05/01/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
200 S Little Texas Rd , Kannapolis, North Carolina 28083
Keep a record of past landlord issues.
Having some marks on your rental history will not disqualify you from federal housing, but be prepared to explain situations like an eviction.Wilma Dupree says:
"I love getting all the information that I need in one place on Affordable Housing Online."