About This Property
Oakwood Manor contains 27 low-income rental units in Oakwood, Illinois, with a mix of 12 one-bedroom and 15 two-bedroom apartments. The property has been in service since 1987 and serves Vermilion County residents.
Property Details
Fair Market Rent - Vermilion County, IL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $691 |
| 1 Bedroom | $728 |
| 2 Bedroom | $956 |
| 3 Bedroom | $1,191 |
| 4 Bedroom | $1,273 |
Income Limits - Vermilion County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,250
- Very Low (50%)
- $23,800
- Low (80%)
- $38,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,200
- Low (80%)
- $43,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,600
- Low (80%)
- $48,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,700
- Low (80%)
- $58,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,400
- Low (80%)
- $63,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,100
- Low (80%)
- $67,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $44,850
- Low (80%)
- $71,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,250 | $23,800 | $38,050 |
| 2 Persons | $17,420 | $27,200 | $43,450 |
| 3 Persons | $21,960 | $30,600 | $48,900 |
| 4 Persons | $26,500 | $33,950 | $54,300 |
| 5 Persons | $31,040 | $36,700 | $58,650 |
| 6 Persons | $35,580 | $39,400 | $63,000 |
| 7 Persons | $40,120 | $42,100 | $67,350 |
| 8 Persons | $44,660 | $44,850 | $71,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Oakwood, IL?+
The Fair Market Rent (FMR) for Vermilion County, IL is: $691 (Studio), $728 (1BR), $956 (2BR), $1191 (3BR), $1273 (4BR). Actual rent at subsidized properties like Oakwood Manor is typically 30% of household income or less.
What size apartments are available at Oakwood Manor?+
Oakwood Manor offers the following unit types: 12 One-Bedroom, 15 Two-Bedroom units, for a total of 27 units.
How do I apply for housing at Oakwood Manor?+
Oakwood Manor 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 are the income limits for affordable housing in Vermilion County, IL?+
For a 4-person household in Vermilion County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,950, Low Income (80% AMI): $54,300. These limits are set by HUD and updated annually.
Who manages Oakwood Manor?+
Oakwood Manor is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Oakwood, IL?+
Based on Fair Market Rent for Vermilion County, the estimated price range is: 1-bedroom: $728, 2-bedroom: $956. Actual rent at Oakwood Manor may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
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