Grand Prairie Apartments

500 S Leach Ave, Watonga, Oklahoma 73772

Grand Prairie Apartments, located at 500 S Leach Ave in Watonga, OK has 2 and 3 bedroom apartments. Grand Prairie Apartments participates in the Low-Income Housing Tax Credit (LIHTC), Section 538 Guaranteed Rural Rental Housing and Section 8 Project-Based Rental Assistance programs.

Units

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/1) 770 Income Based
Three Bedroom (3/1.5) 950 Income Based

Grand Prairie Apartments Details

  • 40 2 and 3 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 538 Guaranteed Rural Rental Housing
  • Section 8 Project-Based Rental Assistance

Property Amenities

  • Playground
  • Pet Friendly
  • On-site Laundry

Unit Amenities

  • Handicapped Accessible
  • Central Heat & Air

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 538 Guaranteed Rural Rental Housing

Section 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Watonga 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 Watonga but actual income limits may differ for units at Grand Prairie Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $13,600 $18,310 $23,030 $27,750 $32,470 $37,190 $40,150 $42,750
50% $22,650 $25,900 $29,150 $32,350 $34,950 $37,550 $40,150 $42,750
80% $36,250 $41,400 $46,600 $51,750 $55,900 $60,050 $64,200 $68,350

Watonga 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 Watonga but actual income limits may differ for units at Grand Prairie Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $22,650 $25,900 $29,150 $32,350 $34,950 $37,550 $40,150 $42,750
Low Income (60%) $27,180 $31,080 $34,980 $38,820 $41,940 $45,060 $48,180 $51,300

Grand Prairie Apartments is managed by Green Companies Development Group, Inc.

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