Lakehurst Senior Living

Lakehurst Dr, Eufaula, Oklahoma 74432

Lakehurst Senior Living, located at Lakehurst Dr in Eufaula, has one and two bedroom apartments. Lakehurst Senior Living participates in the Low-Income Housing Tax Credit (LIHTC) and HOME Investment Partnerships Program programs.

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) 915 $480

Lakehurst Senior Living Details

  • 40 one and two bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)
  • Persons With Disabilities
  • Senior (62+)

Property Amenities

  • Garage
  • Pet Friendly

Unit Amenities

  • Fully Equipped Kitchen
  • Washer/ Dryer

About Lakehurst Senior Living

Senior Living near town with a country living atmosphere. Unit includes all appliances: microwave, dishwasher, stove, refrigerator, garbage disposal, washer and dryer, One car garage with opener. Must income qualify and be 62 years or older.

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Eufaula 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 Eufaula but actual income limits may differ for units at Lakehurst Senior Living.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $19,950 $22,800 $25,650 $28,500 $30,800 $33,100 $35,350 $37,650
Low Income (60%) $23,940 $27,360 $30,780 $34,200 $36,960 $39,720 $42,420 $45,180

Lakehurst Senior Living was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

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.

Lakehurst Senior Living is managed by CIMCO Management Company.

Image of Lakehurst Senior Living

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