About This Property
Oaks At Shannon's Crossing is a 100-unit affordable housing community in Okeechobee, Florida that has served low-income families since 2008. The property offers a mix of one, two, and three-bedroom units, with 12 one-bedroom, 54 two-bedroom, and 34 three-bedroom floor plans available. The community is financed through 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Okeechobee County, FL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $801 |
| 1 Bedroom | $806 |
| 2 Bedroom | $1,059 |
| 3 Bedroom | $1,298 |
| 4 Bedroom | $1,599 |
Income Limits - Okeechobee County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,400
- Low (80%)
- $31,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,200
- Low (80%)
- $35,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,950
- Low (80%)
- $39,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,700
- Low (80%)
- $44,300
- Extremely Low (30%)
- $29,950
- Very Low (50%)
- $29,950
- Low (80%)
- $47,850
- Extremely Low (30%)
- $32,150
- Very Low (50%)
- $32,150
- Low (80%)
- $51,400
- Extremely Low (30%)
- $34,350
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $36,600
- Very Low (50%)
- $36,600
- Low (80%)
- $58,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,400 | $31,050 |
| 2 Persons | $17,420 | $22,200 | $35,450 |
| 3 Persons | $21,960 | $24,950 | $39,900 |
| 4 Persons | $26,500 | $27,700 | $44,300 |
| 5 Persons | $29,950 | $29,950 | $47,850 |
| 6 Persons | $32,150 | $32,150 | $51,400 |
| 7 Persons | $34,350 | $34,350 | $54,950 |
| 8 Persons | $36,600 | $36,600 | $58,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Okeechobee, FL?+
The Fair Market Rent (FMR) for Okeechobee County, FL is: $801 (Studio), $806 (1BR), $1059 (2BR), $1298 (3BR), $1599 (4BR). Actual rent at subsidized properties like Oaks At Shannon'S Crossing is typically 30% of household income or less.
What size apartments are available at Oaks At Shannon'S Crossing?+
Oaks At Shannon'S Crossing offers the following unit types: 12 One-Bedroom, 54 Two-Bedroom, 34 Three-Bedroom units, for a total of 100 units.
What is the price range for apartments in Okeechobee, FL?+
Based on Fair Market Rent for Okeechobee County, the estimated price range is: 1-bedroom: $806, 2-bedroom: $1059, 3-bedroom: $1298. Actual rent at Oaks At Shannon'S Crossing may be lower for income-eligible households.
How do I apply for housing at Oaks At Shannon'S Crossing?+
Oaks At Shannon'S Crossing 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.
Who is eligible to live at Oaks At Shannon'S Crossing?+
Oaks At Shannon'S Crossing 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 Okeechobee County, FL?+
For a 4-person household in Okeechobee County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,700, Low Income (80% AMI): $44,300. These limits are set by HUD and updated annually.
Who manages Oaks At Shannon'S Crossing?+
Oaks At Shannon'S Crossing is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.