8071 N Lamar Blvd, Austin, TX 78753
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2024 by Connor Bailey, Lorena Bentley, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,266 - 1,400 per Month† | 1 - 3 Beds | 1 Bath | 630 - 860 Sq Ft |
Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Oaks on Lamar offers spacious affordable apartments for rent in Austin, Texas. Ideally located near Interstate 35 and local highways, it’s an easy drive to the attractions and excitement of the city. Oaks on Lamar offer unique 1-, 2-, and 3-bedroom apartments with affordable housing options. The delightful amenities are designed for enjoyable living with newly renovated apartment homes available. Each unit features upgrades to bathrooms, flooring, lighting, and more, a rare find for low-income housing.
All the conveniences of modern living are now included in our newly renovated apartments. Kitchens featuring new dishwashers, microwaves, and refrigerators are fully equipped with ample pantry space. Enjoy year-round comfort with ceiling fans and newly installed central air and heating. Attention to detail for your apartment design includes upgraded plank flooring, making decorating a breeze. The Oaks on Lamar could be just what you are looking for in affordable Austin housing.
This community offers all the convenient amenities you need for an enjoyable, carefree life. The amenities include after-school programs to reduce family stress. Everything you need is right here including a playground, laundry facilities, and a business center with copy and fax services. This very sociable community makes it easy to get to know your neighbors with a clubhouse and fitness center. This community supports your active, healthy lifestyle and offers ADA access. The on-call and on-site maintenance team is ready to assist at a moment’s notice for complete peace of mind.
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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Oaks on Lamar Apartments has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 630ft2 | $1,266† |
| Two Bedroom (2/1) | 730ft2 | $1,300† |
| Three Bedroom (3/1) | 860ft2 | $1,400† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $24,550 / year | $28,050 / year | $31,550 / year | $35,050 / year | $37,900 / year | $40,700 / year |
| 50% AMI for LIHTC Units | $40,900 / year | $46,750 / year | $52,600 / year | $58,400 / year | $63,100 / year | $67,750 / year |
| 50% AMI for PBRA Units | $40,900 / year | $46,750 / year | $52,600 / year | $58,400 / year | $63,100 / year | $67,750 / year |
| 60% AMI for LIHTC Units | $49,080 / year | $56,100 / year | $63,120 / year | $70,080 / year | $75,720 / year | $81,300 / year |
| 80% AMI for PBRA Units | $65,450 / year | $74,800 / year | $84,150 / year | $93,450 / year | $100,950 / year | $108,450 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Oaks on Lamar Apartments have a waiting list?
Oaks on Lamar Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Oaks on Lamar Apartments?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Oaks on Lamar Apartments?
Oaks on Lamar Apartments is managed by Related Companies headquartered in Irvine, California.
In addition to Oaks on Lamar Apartments, how many other affordable housing properties (and units) are there in Austin?
In addition to Oaks on Lamar Apartments, we list 533 other affordable properties in Austin. Learn about these properties here. Our data research shows that there are a total of 30022 affordable units in Austin.
When was the Oaks on Lamar Apartments listing last updated?
Oaks on Lamar Apartments listing on Affordable Housing Online was last updated on 02/22/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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