Oak Meadows Townhomes

200 Maple St, Commerce, Texas 75428

Oak Meadows Townhomes, located at 200 Maple St in Commerce, has one, two and three bedroom apartments. Oak Meadows Townhomes participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Oak Meadows Townhomes is accepting applications and does not have a waiting list.

Last updated on February 26th, 2018

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 755 From $659 To $705
Two Bedroom (2/2) 996 From $784 To $810
Three Bedroom (3/2) 1149 From $840 To $860

Oak Meadows Townhomes Details

  • 72 one, two and three bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)
  • Accessible Units
  • Pet Friendly

Property Amenities

  • Fitness Center
  • Playground
  • Basketball Court
  • BBQ/Picnic Area
  • Clubhouse
  • Pool
  • Pet Friendly
  • Open Parking

Office Hours

Day Hours
Monday 8:00am-5:00pm
Tuesday 8:00am-5:00pm
Wednesday 8:00am-5:00pm
Thursday 8:00am-5:00pm
Friday 8:00am-5:00pm

About Oak Meadows Townhomes

Oak Meadows is an affordable community created for families like yours. Within the beautiful landscaped grounds, Oak Meadows Townhomes offers a serene, peaceful atmosphere. With a sparkling community pool and colorful playground, there is activity for the entire family. One step inside our distinctive 1,2 and 3 bedroom flats reveals spacious, comfortable floor plans that are highlighted by light and contemporary colors. With families in mind, Oak Meadows Townhomes offers full size washer/dryer connections as a standard feature along with energy efficient design. Discover our affordable lifestyle with the amenities you deserve.

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.

Commerce 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 Commerce but actual income limits may differ for units at Oak Meadows Townhomes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $29,100 $33,250 $37,400 $41,550 $44,900 $48,200 $51,550 $54,850
Low Income (60%) $34,920 $39,900 $44,880 $49,860 $53,880 $57,840 $61,860 $65,820

Oak Meadows Townhomes was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Oak Meadows Townhomes is managed by Quest Asset Management.

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