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Cushing Valley Apartments

1407 E 16th Pl, Cushing, Oklahoma 74023

Cushing Valley Apartments, located at 1407 E 16th Pl in Cushing, OK has two bedroom apartments. Cushing Valley Apartments participates in the Section 515 Rural Rental Housing, Section 521 USDA Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

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Units

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/1) 820 Income Based

Cushing Valley Apartments Details

  • 16 two bedroom units.
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Playground

Unit Amenities

  • Handicapped Accessible
  • Washer/Dryer Hookup
  • Cable Ready
  • Central Heat & Air
  • Private Patio/Balcony

Office Hours

Day Hours
Monday 9:00am-3:00pm
Tuesday 9:00am-3:00pm
Wednesday 9:00am-3:00pm
Thursday 9:00am-3:00pm
Friday 9:00am-3:00pm

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

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.

Cushing 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 Cushing but actual income limits may differ for units at Cushing Valley Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $13,750 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $43,100
50% $22,900 $26,150 $29,400 $32,650 $35,300 $37,900 $40,500 $43,100
80% $36,550 $41,800 $47,000 $52,200 $56,400 $60,600 $64,750 $68,950

Cushing Valley Apartments is managed by Green Companies Development Group, Inc.

Image of Cushing Valley Apartments
Image of Cushing Valley Apartments
Image of Cushing Valley Apartments

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