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Low Income (LIHTC)Waitlist Open

Oak Woods Apts

740 W Joan Ct, Peoria, IL, 61614

Information verified July 8, 2026ยทWe re-check waiting list status daily

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About This Property

Oak Woods Apts comprises 103 one-bedroom units designed to serve elderly residents in Peoria, IL. The property has been in service since 2003 and provides low-income housing options in Peoria County. All 103 units are designated for low-income occupancy.

Waitlist Information

Waitlist managed by Peoria Housing Authority

Public Housing Waitlist
Open
Apply: Multiple

Working preference is given for 6 months of continuous employment. Applications can be obtained at the PHA Administrative Office (100 S Richard Pryor Place) or by requesting one be mailed via telephone at (309) 676-8736 ext. 14079.

Last verified June 17, 2026
Section 8 (HCV) Waitlist
Closed
Closed January 10, 2025

The general Housing Choice Voucher waiting list was last open from January 1, 2025, to January 10, 2025, and is now closed. There is no notice of when this waiting list will reopen.

Last verified June 28, 2026

Waitlist data provided by section8waitlist.org

Updated July 7, 2026

Property Details

Total Units
103
1 Bedroom
103

Fair Market Rent - Peoria County, IL

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$683
1 Bedroom$756
2 Bedroom$965
3 Bedroom$1,258
4 Bedroom$1,293

Income Limits - Peoria County, IL

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$16,050
Very Low (50%)
$26,750
Low (80%)
$42,750
2 Persons
Extremely Low (30%)
$18,350
Very Low (50%)
$30,550
Low (80%)
$48,850
3 Persons
Extremely Low (30%)
$21,960
Very Low (50%)
$34,350
Low (80%)
$54,950
4 Persons
Extremely Low (30%)
$26,500
Very Low (50%)
$38,150
Low (80%)
$61,050
5 Persons
Extremely Low (30%)
$31,040
Very Low (50%)
$41,250
Low (80%)
$65,950
6 Persons
Extremely Low (30%)
$35,580
Very Low (50%)
$44,300
Low (80%)
$70,850
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$47,350
Low (80%)
$75,750
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$50,400
Low (80%)
$80,600

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Tax Credit Program Details

Year Placed in Service
2003
LIHTC Credit Type
3
Low-Income Units
103 / 103
Target Population
Elderly

Frequently Asked Questions

What is the average rent for affordable housing in Peoria, IL?+

The Fair Market Rent (FMR) for Peoria County, IL is: $683 (Studio), $756 (1BR), $965 (2BR), $1258 (3BR), $1293 (4BR). Actual rent at subsidized properties like Oak Woods Apts is typically 30% of household income or less.

What size apartments are available at Oak Woods Apts?+

Oak Woods Apts offers the following unit types: 103 One-Bedroom units, for a total of 103 units.

Who manages Oak Woods Apts?+

Oak Woods Apts is managed by . You can reach them at . Visit their website for more information.

What are the income limits for affordable housing in Peoria County, IL?+

For a 4-person household in Peoria County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,150, Low Income (80% AMI): $61,050. These limits are set by HUD and updated annually.

Who is eligible to live at Oak Woods Apts?+

Oak Woods Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

Is there a waitlist for Oak Woods Apts?+

Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

What is the price range for apartments in Peoria, IL?+

Based on Fair Market Rent for Peoria County, the estimated price range is: 1-bedroom: $756. Actual rent at Oak Woods Apts may be lower for income-eligible households.

How do I apply for housing at Oak Woods Apts?+

Oak Woods Apts 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.

Begin Application Now

Walk Score

Somewhat Walkable

65
Walk
36
Transit
36
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Peoria County, IL

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Housing Resources in Peoria, IL

HUD-Approved Counseling Agencies

METEC

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingPre-Purchase Homebuyer Education Workshops

NAVICORE SOLUTIONS- PEORIA, IL

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingPre-Purchase Homebuyer Education Workshops