Oak Apartments of Okarche

625-North 81 Highway, Okarche, Oklahoma 73762

Oak Apartments of Okarche is a 12-unit, income-based, multi-family property located in Okarche, Kingfisher County, OK.

Contact Oak Apartments of Okarche

Message Oak Apartments of Okarche

Units

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

Oak Apartments of Okarche Details

  • 12 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing

Property Amenities

  • Playground

Unit Amenities

  • Refrigerator
  • Extra Storage
  • Blinds
  • Stove
  • Heat and Air

Office Hours

Day Hours
Tuesday 9:00am-2:00pm

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.

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.

Okarche 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 Okarche but actual income limits may differ for units at Oak Apartments of Okarche.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,400 $17,600 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% $25,650 $29,300 $32,950 $36,600 $39,550 $42,500 $45,400 $48,350
80% $41,000 $46,850 $52,700 $58,550 $63,250 $67,950 $72,650 $77,300

Okarche 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 Okarche but actual income limits may differ for units at Oak Apartments of Okarche.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,650 $29,300 $32,950 $36,600 $39,550 $42,500 $45,400 $48,350
Low Income (60%) $30,780 $35,160 $39,540 $43,920 $47,460 $51,000 $54,480 $58,020

Oak Apartments of Okarche is managed by Southridge Apartments, Inc.

Image of Oak Apartments of Okarche
Image of Oak Apartments of Okarche
Image of Oak Apartments of Okarche
Image of Oak Apartments of Okarche