About This Property
Oak Terrace Apts offers 48 low-income units in Florence, OR, with a mix of 24 two-bedroom and 24 three-bedroom apartments designed to serve families. The property, placed in service in 1999 and non-profit owned, receives funding through HOME and 9% LIHTC credits. Oak Terrace Apts has provided affordable housing in Lane County since its development.
Property Details
Fair Market Rent - Lane County, OR
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $953 |
| 1 Bedroom | $1,063 |
| 2 Bedroom | $1,397 |
| 3 Bedroom | $1,969 |
| 4 Bedroom | $2,371 |
Income Limits - Lane County, OR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,950
- Very Low (50%)
- $24,950
- Low (80%)
- $39,900
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,500
- Low (80%)
- $45,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,050
- Low (80%)
- $51,300
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,600
- Low (80%)
- $56,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,450
- Low (80%)
- $61,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,300
- Low (80%)
- $66,100
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,150
- Low (80%)
- $70,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,000
- Low (80%)
- $75,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,950 | $24,950 | $39,900 |
| 2 Persons | $17,420 | $28,500 | $45,600 |
| 3 Persons | $21,960 | $32,050 | $51,300 |
| 4 Persons | $26,500 | $35,600 | $56,950 |
| 5 Persons | $31,040 | $38,450 | $61,550 |
| 6 Persons | $35,580 | $41,300 | $66,100 |
| 7 Persons | $40,120 | $44,150 | $70,650 |
| 8 Persons | $44,660 | $47,000 | $75,200 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Florence, OR?+
The Fair Market Rent (FMR) for Lane County, OR is: $953 (Studio), $1063 (1BR), $1397 (2BR), $1969 (3BR), $2371 (4BR). Actual rent at subsidized properties like Oak Terrace Apts is typically 30% of household income or less.
What size apartments are available at Oak Terrace Apts?+
Oak Terrace Apts offers the following unit types: 24 Two-Bedroom, 24 Three-Bedroom units, for a total of 48 units.
What is the price range for apartments in Florence, OR?+
Based on Fair Market Rent for Lane County, the estimated price range is: 2-bedroom: $1397, 3-bedroom: $1969. Actual rent at Oak Terrace Apts may be lower for income-eligible households.
Who manages Oak Terrace Apts?+
Oak Terrace Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Lane County, OR?+
For a 4-person household in Lane County, OR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,600, Low Income (80% AMI): $56,950. These limits are set by HUD and updated annually.
Who is eligible to live at Oak Terrace Apts?+
Oak Terrace Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Oak Terrace Apts?+
Oak Terrace 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Oak Terrace Apts
Munsel Park Apts
Florence, OR
44 UnitsWindsong Apts
Florence, OR
31 Units
Florence Units
Florence, OR
2 UnitsTanglewood
Florence, OR
40 UnitsNew Winds Apts
Florence, OR
18 UnitsSiuslaw Dunes
Florence, OR
45 Units