About This Property
Oak Creek Senior Villas comprises 57 units in Thousand Oaks, serving elderly residents with 56 low-income units available. The property offers a unit mix of 47 one-bedroom and 10 two-bedroom apartments and has been in service since 2004. Financing includes tax-exempt bonds and 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Ventura 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 | $1,725 |
| 1 Bedroom | $2,011 |
| 2 Bedroom | $2,414 |
| 3 Bedroom | $3,310 |
| 4 Bedroom | $3,867 |
Income Limits - Ventura County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $23,600
- Very Low (50%)
- $39,250
- Low (80%)
- $62,800
- Extremely Low (30%)
- $26,950
- Very Low (50%)
- $44,850
- Low (80%)
- $71,800
- Extremely Low (30%)
- $30,300
- Very Low (50%)
- $50,450
- Low (80%)
- $80,750
- Extremely Low (30%)
- $33,650
- Very Low (50%)
- $56,050
- Low (80%)
- $89,700
- Extremely Low (30%)
- $36,350
- Very Low (50%)
- $60,550
- Low (80%)
- $96,900
- Extremely Low (30%)
- $39,050
- Very Low (50%)
- $65,050
- Low (80%)
- $104,100
- Extremely Low (30%)
- $41,750
- Very Low (50%)
- $69,550
- Low (80%)
- $111,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $74,000
- Low (80%)
- $118,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $23,600 | $39,250 | $62,800 |
| 2 Persons | $26,950 | $44,850 | $71,800 |
| 3 Persons | $30,300 | $50,450 | $80,750 |
| 4 Persons | $33,650 | $56,050 | $89,700 |
| 5 Persons | $36,350 | $60,550 | $96,900 |
| 6 Persons | $39,050 | $65,050 | $104,100 |
| 7 Persons | $41,750 | $69,550 | $111,250 |
| 8 Persons | $44,660 | $74,000 | $118,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Thousand Oaks, CA?+
The Fair Market Rent (FMR) for Ventura County, CA is: $1725 (Studio), $2011 (1BR), $2414 (2BR), $3310 (3BR), $3867 (4BR). Actual rent at subsidized properties like Oak Creek Senior Villas is typically 30% of household income or less.
What size apartments are available at Oak Creek Senior Villas?+
Oak Creek Senior Villas offers the following unit types: 47 One-Bedroom, 10 Two-Bedroom units, for a total of 57 units.
Who is eligible to live at Oak Creek Senior Villas?+
Oak Creek Senior Villas primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Oak Creek Senior Villas?+
Oak Creek Senior Villas is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Oak Creek Senior Villas?+
Oak Creek Senior Villas 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 Thousand Oaks, CA?+
Based on Fair Market Rent for Ventura County, the estimated price range is: 1-bedroom: $2011, 2-bedroom: $2414. Actual rent at Oak Creek Senior Villas may be lower for income-eligible households.
What are the income limits for affordable housing in Ventura County, CA?+
For a 4-person household in Ventura County, CA, the income limits are: Extremely Low Income (30% AMI): $33,650, Very Low Income (50% AMI): $56,050, Low Income (80% AMI): $89,700. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Oak Creek Senior Villas
Villa Garcia
Thousand Oaks, CA
54 Units
1854 Los Feliz Dr Apartments
Thousand Oaks, CA
9 Units
Fiore Gardens
Thousand Oaks, CA
2 UnitsSchillo Gardens
Thousand Oaks, CA
29 UnitsHacienda De Feliz
Thousand Oaks, CA
25 UnitsShadows Apts
Thousand Oaks, CA
148 Units