About This Property
Oak Ridge provides 80 units of affordable housing in Grass Valley, serving families through a mix of two, three, and four-bedroom apartments. The property includes 79 low-income units and has been in operation since 1998. Oak Ridge is financed through the 9% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Nevada 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 | $1,209 |
| 1 Bedroom | $1,217 |
| 2 Bedroom | $1,596 |
| 3 Bedroom | $2,249 |
| 4 Bedroom | $2,708 |
Income Limits - Nevada County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,900
- Very Low (50%)
- $31,450
- Low (80%)
- $50,300
- Extremely Low (30%)
- $21,600
- Very Low (50%)
- $35,950
- Low (80%)
- $57,500
- Extremely Low (30%)
- $24,300
- Very Low (50%)
- $40,450
- Low (80%)
- $64,700
- Extremely Low (30%)
- $26,950
- Very Low (50%)
- $44,900
- Low (80%)
- $71,850
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,500
- Low (80%)
- $77,600
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $52,100
- Low (80%)
- $83,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $55,700
- Low (80%)
- $89,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $59,300
- Low (80%)
- $94,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,900 | $31,450 | $50,300 |
| 2 Persons | $21,600 | $35,950 | $57,500 |
| 3 Persons | $24,300 | $40,450 | $64,700 |
| 4 Persons | $26,950 | $44,900 | $71,850 |
| 5 Persons | $31,040 | $48,500 | $77,600 |
| 6 Persons | $35,580 | $52,100 | $83,350 |
| 7 Persons | $40,120 | $55,700 | $89,100 |
| 8 Persons | $44,660 | $59,300 | $94,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Grass Valley, CA?+
The Fair Market Rent (FMR) for Nevada County, CA is: $1209 (Studio), $1217 (1BR), $1596 (2BR), $2249 (3BR), $2708 (4BR). Actual rent at subsidized properties like Oak Ridge is typically 30% of household income or less.
What size apartments are available at Oak Ridge?+
Oak Ridge offers the following unit types: 24 Two-Bedroom, 32 Three-Bedroom, 24 Four-Bedroom units, for a total of 80 units.
Who is eligible to live at Oak Ridge?+
Oak Ridge primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Oak Ridge?+
Oak Ridge is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Nevada County, CA?+
For a 4-person household in Nevada County, CA, the income limits are: Extremely Low Income (30% AMI): $26,950, Very Low Income (50% AMI): $44,900, Low Income (80% AMI): $71,850. These limits are set by HUD and updated annually.
How do I apply for housing at Oak Ridge?+
Oak Ridge 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 is the price range for apartments in Grass Valley, CA?+
Based on Fair Market Rent for Nevada County, the estimated price range is: 2-bedroom: $1596, 3-bedroom: $2249. Actual rent at Oak Ridge may be lower for income-eligible households.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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