About This Property
Oakcrest Terrace provides 69 affordable units in Yorba Linda, Orange County, with 68 designated as low-income housing. The community, which began operations in 2016, includes 15 one-bedroom, 33 two-bedroom, and 21 three-bedroom units designed to serve families. The property is financed through 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Orange 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 | $2,200 |
| 1 Bedroom | $2,344 |
| 2 Bedroom | $2,783 |
| 3 Bedroom | $3,769 |
| 4 Bedroom | $4,467 |
Income Limits - Orange County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $28,250
- Very Low (50%)
- $47,100
- Low (80%)
- $75,300
- Extremely Low (30%)
- $32,300
- Very Low (50%)
- $53,800
- Low (80%)
- $86,050
- Extremely Low (30%)
- $36,350
- Very Low (50%)
- $60,550
- Low (80%)
- $96,800
- Extremely Low (30%)
- $40,350
- Very Low (50%)
- $67,250
- Low (80%)
- $107,550
- Extremely Low (30%)
- $43,600
- Very Low (50%)
- $72,650
- Low (80%)
- $116,200
- Extremely Low (30%)
- $46,850
- Very Low (50%)
- $78,050
- Low (80%)
- $124,800
- Extremely Low (30%)
- $50,050
- Very Low (50%)
- $83,400
- Low (80%)
- $133,400
- Extremely Low (30%)
- $53,300
- Very Low (50%)
- $88,800
- Low (80%)
- $142,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $28,250 | $47,100 | $75,300 |
| 2 Persons | $32,300 | $53,800 | $86,050 |
| 3 Persons | $36,350 | $60,550 | $96,800 |
| 4 Persons | $40,350 | $67,250 | $107,550 |
| 5 Persons | $43,600 | $72,650 | $116,200 |
| 6 Persons | $46,850 | $78,050 | $124,800 |
| 7 Persons | $50,050 | $83,400 | $133,400 |
| 8 Persons | $53,300 | $88,800 | $142,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Yorba Linda, CA?+
The Fair Market Rent (FMR) for Orange County, CA is: $2200 (Studio), $2344 (1BR), $2783 (2BR), $3769 (3BR), $4467 (4BR). Actual rent at subsidized properties like Oakcrest Terrace is typically 30% of household income or less.
What size apartments are available at Oakcrest Terrace?+
Oakcrest Terrace offers the following unit types: 15 One-Bedroom, 33 Two-Bedroom, 21 Three-Bedroom units, for a total of 69 units.
Who manages Oakcrest Terrace?+
Oakcrest Terrace is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Yorba Linda, CA?+
Based on Fair Market Rent for Orange County, the estimated price range is: 1-bedroom: $2344, 2-bedroom: $2783, 3-bedroom: $3769. Actual rent at Oakcrest Terrace may be lower for income-eligible households.
Who is eligible to live at Oakcrest Terrace?+
Oakcrest Terrace primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Orange County, CA?+
For a 4-person household in Orange County, CA, the income limits are: Extremely Low Income (30% AMI): $40,350, Very Low Income (50% AMI): $67,250, Low Income (80% AMI): $107,550. These limits are set by HUD and updated annually.
How do I apply for housing at Oakcrest Terrace?+
Oakcrest Terrace 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
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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