About This Property
Oak Estates is a 56-unit affordable housing community in Elizabethtown, NC that has served low-income families and elderly residents since 1993. The property includes 55 one-bedroom units and one two-bedroom unit, financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Bladen County, NC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $687 |
| 1 Bedroom | $691 |
| 2 Bedroom | $856 |
| 3 Bedroom | $1,137 |
| 4 Bedroom | $1,313 |
Income Limits - Bladen County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,500
- Low (80%)
- $32,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,350
- Low (80%)
- $42,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,600
- Low (80%)
- $50,550
- Extremely Low (30%)
- $33,950
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $36,300
- Very Low (50%)
- $36,300
- Low (80%)
- $58,050
- Extremely Low (30%)
- $38,650
- Very Low (50%)
- $38,650
- Low (80%)
- $61,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,500 | $32,800 |
| 2 Persons | $17,420 | $23,400 | $37,450 |
| 3 Persons | $21,960 | $26,350 | $42,150 |
| 4 Persons | $26,500 | $29,250 | $46,800 |
| 5 Persons | $31,040 | $31,600 | $50,550 |
| 6 Persons | $33,950 | $33,950 | $54,300 |
| 7 Persons | $36,300 | $36,300 | $58,050 |
| 8 Persons | $38,650 | $38,650 | $61,800 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Elizabethtown, NC?+
The Fair Market Rent (FMR) for Bladen County, NC is: $687 (Studio), $691 (1BR), $856 (2BR), $1137 (3BR), $1313 (4BR). Actual rent at subsidized properties like Oak Estates is typically 30% of household income or less.
What size apartments are available at Oak Estates?+
Oak Estates offers the following unit types: 55 One-Bedroom, 1 Two-Bedroom units, for a total of 56 units.
Who manages Oak Estates?+
Oak Estates is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Oak Estates?+
Oak Estates 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 Bladen County, NC?+
For a 4-person household in Bladen County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,250, Low Income (80% AMI): $46,800. These limits are set by HUD and updated annually.
What is the price range for apartments in Elizabethtown, NC?+
Based on Fair Market Rent for Bladen County, the estimated price range is: 1-bedroom: $691, 2-bedroom: $856. Actual rent at Oak Estates may be lower for income-eligible households.
Who is eligible to live at Oak Estates?+
Oak Estates primarily serves families, elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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