817 SW 59th St, Oklahoma City, OK 73109
Waiting List Forecast: Open Until Further Notice
Verified for 2023 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | 545 Sq Ft |
LIHTC | Waiting List
The Oklahoma City Housing Authority (OCHA) Senior Section 8 Project-Based Voucher/Low-Income Housing Tax Credit apartments at Village at Oakwood is currently open. Applications are being accepted since at least October, 2020, until further notice.
To apply during the opening period, complete the online application.
This waiting list may have the following preferences:
For more information, visit the OCHA website.
Go to the public housing authority page for this waiting list >>
Village at Oakwood is an assisted living community that focuses on helping elderly people live independently, while still giving them access to the assistance they require. The senior living community works hand in hand with government programs that provide financial assistance to residents. Their apartments offer a cozy atmosphere filled with each resident’s own furnishings to give them a true sense of being home. The all-inclusive room and board covers rent, gas, water, electric, grounds and building maintenance, and meals so residents can stay busy living well without having to worry about the little things.
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 Village at Oakwood 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 |
|---|---|---|
| 1 Bedroom (1/1) | 545ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,100 / year | $20,650 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $30,100 / year | $34,400 / year | $38,700 / year | $43,000 / year | $46,450 / year | $49,900 / year | $53,350 / year | $56,800 / year |
| 50% AMI for PBRA Units | $30,100 / year | $34,400 / year | $38,700 / year | $43,000 / year | $46,450 / year | $49,900 / year | $53,350 / year | $56,800 / year |
| 60% AMI for LIHTC Units | $36,120 / year | $41,280 / year | $46,440 / year | $51,600 / year | $55,740 / year | $59,880 / year | $64,020 / year | $68,160 / year |
| 80% AMI for PBRA Units | $48,200 / year | $55,050 / year | $61,950 / year | $68,800 / year | $74,350 / year | $79,850 / year | $85,350 / year | $90,850 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Village at Oakwood have a waiting list?
Village at Oakwood has a waiting list. See above for waiting list details.
Are rents subsidized at Village at Oakwood?
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.
In addition to Village at Oakwood, how many other affordable housing properties (and units) are there in Oklahoma City?
In addition to Village at Oakwood, we list 85 other affordable properties in Oklahoma City. Learn about these properties here. Our data research shows that there are a total of 8665 affordable units in Oklahoma City.
When was the Village at Oakwood listing last updated?
Village at Oakwood listing on Affordable Housing Online was last updated on 01/03/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Linda Kenney says:
"Affordable Housing Online has great information that I pass along to other people in need."