About This Property
The Oaks Apartments is a 36-unit affordable housing community in Walnut Creek, CA, offering 35 low-income units with a mix of 22 two-bedroom, 12 three-bedroom, and 2 four-bedroom floor plans. The property was placed in service in 2016 and is owned and operated by a nonprofit organization. Financing for the development includes tax-exempt bonds and 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Contra Costa 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 | $1,825 |
| 1 Bedroom | $2,131 |
| 2 Bedroom | $2,590 |
| 3 Bedroom | $3,342 |
| 4 Bedroom | $3,954 |
Income Limits - Contra Costa County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $28,800
- Very Low (50%)
- $47,950
- Low (80%)
- $76,750
- Extremely Low (30%)
- $32,900
- Very Low (50%)
- $54,800
- Low (80%)
- $87,700
- Extremely Low (30%)
- $37,000
- Very Low (50%)
- $61,650
- Low (80%)
- $98,650
- Extremely Low (30%)
- $41,100
- Very Low (50%)
- $68,500
- Low (80%)
- $109,600
- Extremely Low (30%)
- $44,400
- Very Low (50%)
- $74,000
- Low (80%)
- $118,400
- Extremely Low (30%)
- $47,700
- Very Low (50%)
- $79,500
- Low (80%)
- $127,150
- Extremely Low (30%)
- $51,000
- Very Low (50%)
- $84,950
- Low (80%)
- $135,950
- Extremely Low (30%)
- $54,300
- Very Low (50%)
- $90,450
- Low (80%)
- $144,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $28,800 | $47,950 | $76,750 |
| 2 Persons | $32,900 | $54,800 | $87,700 |
| 3 Persons | $37,000 | $61,650 | $98,650 |
| 4 Persons | $41,100 | $68,500 | $109,600 |
| 5 Persons | $44,400 | $74,000 | $118,400 |
| 6 Persons | $47,700 | $79,500 | $127,150 |
| 7 Persons | $51,000 | $84,950 | $135,950 |
| 8 Persons | $54,300 | $90,450 | $144,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Walnut Creek, CA?+
The Fair Market Rent (FMR) for Contra Costa County, CA is: $1825 (Studio), $2131 (1BR), $2590 (2BR), $3342 (3BR), $3954 (4BR). Actual rent at subsidized properties like The Oaks Apartments is typically 30% of household income or less.
What size apartments are available at The Oaks Apartments?+
The Oaks Apartments offers the following unit types: 22 Two-Bedroom, 12 Three-Bedroom, 2 Four-Bedroom units, for a total of 36 units.
What are the income limits for affordable housing in Contra Costa County, CA?+
For a 4-person household in Contra Costa County, CA, the income limits are: Extremely Low Income (30% AMI): $41,100, Very Low Income (50% AMI): $68,500, Low Income (80% AMI): $109,600. These limits are set by HUD and updated annually.
Who manages The Oaks Apartments?+
The Oaks Apartments is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Walnut Creek, CA?+
Based on Fair Market Rent for Contra Costa County, the estimated price range is: 2-bedroom: $2590, 3-bedroom: $3342. Actual rent at The Oaks Apartments may be lower for income-eligible households.
How do I apply for housing at The Oaks Apartments?+
The Oaks Apartments 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
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near The Oaks Apartments
Virginia Lane Apts
Concord, CA
91 UnitsTrinity Avenue Apts
Walnut Creek, CA
17 UnitsVilla Vasconcellos
Walnut Creek, CA
70 UnitsSunridge Apts
Concord, CA
198 UnitsCoggins Square Apts
Walnut Creek, CA
87 UnitsThird Avenue Apts Site A
Walnut Creek, CA
48 Units