1595 S Old Orchard Ln, Lewisville, TX 75067
Waiting List Forecast: Likely Short or None
Verified for 2022 by Colleen Carter, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 722 - 1,310 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. 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.
Oak Tree Village features one-, two- and three-bedroom apartment homes in Lewisville, TX. Each unit offers a fully equipped kitchen with stainless appliances, full-size washer and dryer connection, ample closet space and balconies/patios. The community also offers a relaxing sundeck, two refreshing pools and a beautiful pond.
Pet Policy: Max number of pets: 2, A $300 pet deposit is required, no additional pet fees
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 Oak Tree Village 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 722ft2 | Call for Price† |
| 2 Bedroom (2/2) | 1040ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1310ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $36,100 / year | $41,250 / year | $46,400 / year | $51,550 / year | $55,700 / year | $59,800 / year |
| 50% AMI for PBRA Units | $36,100 / year | $41,250 / year | $46,400 / year | $51,550 / year | $55,700 / year | $59,800 / year |
| 60% AMI for LIHTC Units | $43,320 / year | $49,500 / year | $55,680 / year | $61,860 / year | $66,840 / year | $71,760 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Oak Tree Village have a waiting list?
Oak Tree Village probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Oak Tree Village?
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.
What property management company manges Oak Tree Village?
Oak Tree Village is managed by Cirrus Asset Management Inc. headquartered in Woodland Hills, California.
In addition to Oak Tree Village, how many other affordable housing properties (and units) are there in Lewisville?
In addition to Oak Tree Village, we list 58 other affordable properties in Lewisville. Learn about these properties here. Our data research shows that there are a total of 1102 affordable units in Lewisville.
1000 Valley Ridge Road, Lewisville, Texas 75077
232 Teakwood Ln, Lewisville, Texas 75067
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Judy Robinson Fiebiger says:
"Affordable Housing Online is an awesome website. It sure helps a lot of people who have financial issues."