About This Property
Oak Court Apts comprises 53 units in Palo Alto, with 52 designated as low-income housing serving families. The property offers a mix of one-, two-, and three-bedroom units, with 26 three-bedroom, 18 two-bedroom, and 9 one-bedroom apartments. Placed in service in 2005, the development receives 4% Low-Income Housing Tax Credit funding and was financed through tax-exempt bonds.
Property Details
Fair Market Rent - Santa Clara County, CA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $2,383 |
| 1 Bedroom | $2,694 |
| 2 Bedroom | $3,132 |
| 3 Bedroom | $4,011 |
| 4 Bedroom | $4,425 |
Income Limits - Santa Clara County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $34,800
- Very Low (50%)
- $58,000
- Low (80%)
- $82,450
- Extremely Low (30%)
- $39,800
- Very Low (50%)
- $66,300
- Low (80%)
- $94,200
- Extremely Low (30%)
- $44,750
- Very Low (50%)
- $74,600
- Low (80%)
- $106,000
- Extremely Low (30%)
- $49,700
- Very Low (50%)
- $82,850
- Low (80%)
- $117,750
- Extremely Low (30%)
- $53,700
- Very Low (50%)
- $89,500
- Low (80%)
- $127,200
- Extremely Low (30%)
- $57,700
- Very Low (50%)
- $96,150
- Low (80%)
- $136,600
- Extremely Low (30%)
- $61,650
- Very Low (50%)
- $102,750
- Low (80%)
- $146,050
- Extremely Low (30%)
- $65,650
- Very Low (50%)
- $109,400
- Low (80%)
- $155,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $34,800 | $58,000 | $82,450 |
| 2 Persons | $39,800 | $66,300 | $94,200 |
| 3 Persons | $44,750 | $74,600 | $106,000 |
| 4 Persons | $49,700 | $82,850 | $117,750 |
| 5 Persons | $53,700 | $89,500 | $127,200 |
| 6 Persons | $57,700 | $96,150 | $136,600 |
| 7 Persons | $61,650 | $102,750 | $146,050 |
| 8 Persons | $65,650 | $109,400 | $155,450 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Palo Alto, CA?+
The Fair Market Rent (FMR) for Santa Clara County, CA is: $2383 (Studio), $2694 (1BR), $3132 (2BR), $4011 (3BR), $4425 (4BR). Actual rent at subsidized properties like Oak Court Apts is typically 30% of household income or less.
What size apartments are available at Oak Court Apts?+
Oak Court Apts offers the following unit types: 9 One-Bedroom, 18 Two-Bedroom, 26 Three-Bedroom units, for a total of 53 units.
Who manages Oak Court Apts?+
Oak Court Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Palo Alto, CA?+
Based on Fair Market Rent for Santa Clara County, the estimated price range is: 1-bedroom: $2694, 2-bedroom: $3132, 3-bedroom: $4011. Actual rent at Oak Court Apts may be lower for income-eligible households.
How do I apply for housing at Oak Court Apts?+
Oak Court Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What are the income limits for affordable housing in Santa Clara County, CA?+
For a 4-person household in Santa Clara County, CA, the income limits are: Extremely Low Income (30% AMI): $49,700, Very Low Income (50% AMI): $82,850, Low Income (80% AMI): $117,750. These limits are set by HUD and updated annually.
Who is eligible to live at Oak Court Apts?+
Oak Court Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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