Low Income (LIHTC)

Oak Park (Salem)

61 Otter Ave, Salem, VA, 24153

Information verified July 7, 2026·We re-check waiting list status daily

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About This Property

Oak Park provides 144 units of affordable housing in Salem, Virginia, with 140 of those designated for low-income households. The property has been in service since 2011 and is financed through tax-exempt bonds and 4% Low-Income Housing Tax Credits. The community serves families seeking affordable rental options in Salem County.

Property Details

Total Units

144

Income Limits - Salem County, VA

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $16,450
Very Low (50%): $27,450
Low (80%): $43,900

2 Persons

Extremely Low (30%): $18,800
Very Low (50%): $31,400
Low (80%): $50,200

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $35,300
Low (80%): $56,450

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $39,200
Low (80%): $62,700

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $42,350
Low (80%): $67,750

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $45,500
Low (80%): $72,750

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $48,650
Low (80%): $77,750

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $51,750
Low (80%): $82,800

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$16,450	$27,450	$43,900
2 Persons	$18,800	$31,400	$50,200
3 Persons	$21,960	$35,300	$56,450
4 Persons	$26,500	$39,200	$62,700
5 Persons	$31,040	$42,350	$67,750
6 Persons	$35,580	$45,500	$72,750
7 Persons	$40,120	$48,650	$77,750
8 Persons	$44,660	$51,750	$82,800

Tax Credit Program Details

Year Placed in Service

2011

LIHTC Credit Type

Low-Income Units

140 / 144

Target Population

Families

Funding Programs

Tax-Exempt Bond

Frequently Asked Questions

What are the income limits for affordable housing in Salem County, VA?+

For a 4-person household in Salem County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,200, Low Income (80% AMI): $62,700. These limits are set by HUD and updated annually.

How do I apply for housing at Oak Park (Salem)?+

Oak Park (Salem) is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.

Who manages Oak Park (Salem)?+

Oak Park (Salem) is managed by . You can reach them at .

Who is eligible to live at Oak Park (Salem)?+

Oak Park (Salem) primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

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