Prague Village Apartments

2209 8th St, Prague, Oklahoma 74864

Prague Village Apartments, located at 2209 8th St in Prague, has one and two bedroom apartments. Prague Village 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
One Bedroom (1/1) 643 Income Based
Two Bedroom (2/1) 836 Income Based

Prague Village Apartments Details

  • 24 one and two bedroom units.
  • Project-Based Rental Assistance
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Playground
  • On-site Laundry

Unit Amenities

  • Cable Ready
  • Central Heat & Air
  • Private Patio/Balcony

Office Hours

Day Hours
Monday 9:00am-4:00pm
Tuesday 9:00am-4:00pm
Wednesday 9:00am-4:00pm
Thursday 9:00am-4:00pm
Friday 9:00am-4:00pm

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.

Prague 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 Prague but actual income limits may differ for units at Prague Village Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,600 $16,910 $21,330 $25,750 $30,170 $34,590 $37,100 $39,500
50% $20,950 $23,950 $26,950 $29,900 $32,300 $34,700 $37,100 $39,500
80% $33,500 $38,300 $43,100 $47,850 $51,700 $55,550 $59,350 $63,200

These general income qualifications for Prague, Oklahoma should only be used as a basic guide. To find out if you qualify, contact the community directly.

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Prague Village Apartments receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.

Prague Village Apartments is managed by Green Companies Development Group, Inc.

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Image of Prague Village Apartments
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