3900 Soundview Cir, Triangle, VA 22172
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | - |
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.
Welcome to The Oaks Apartments, a vibrant senior community designed exclusively for residents aged 55 and better. Nestled in the heart of Triangle, VA, just south of Quantico Marine Corps Base and conveniently situated off I-95, The Oaks offers an ideal location for comfortable and convenient living. With Woodbridge a mere 8.5 miles to the north and Alexandria a short 28.5 miles away, you'll enjoy easy access to nearby cities and their abundant attractions. This community features well-appointed 1- and 2-bedroom apartment homes, thoughtfully designed to provide the perfect blend of comfort and affordability. Immerse yourself in a host of amenities, including 100% smoke-free living, air conditioning, cable readiness, a refrigerator, a balcony, a dishwasher, a garbage disposal, spacious closets, and linen closets for your convenience.
The Oaks also boasts an array of on-site conveniences, such as laundry facilities, a media center, a recreation room, maintenance services, an outdoor grill, a picnic area, and an elevator. Additionally, this community is conveniently located near public transportation, ensuring you can explore the surrounding area with ease.
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 The Oaks 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. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $52,750 / year | $60,300 / year | $67,850 / year | $75,350 / year |
| 50% AMI for PBRA Units | $52,750 / year | $60,300 / year | $67,850 / year | $75,350 / year |
| 60% AMI for LIHTC Units | $63,300 / year | $72,360 / year | $81,420 / year | $90,420 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Oaks have a waiting list?
The Oaks 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 The Oaks?
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 The Oaks?
The Oaks is managed by TM Associates Management, Inc headquartered in Rockville, Maryland.
In addition to The Oaks, how many other affordable housing properties (and units) are there in Triangle?
In addition to The Oaks, we list 9 other affordable properties in Triangle. Learn about these properties here. Our data research shows that there are a total of 617 affordable units in Triangle.
When was the The Oaks listing last updated?
The Oaks listing on Affordable Housing Online was last updated on 02/16/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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More people usually means more waiting lists.
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