About This Property
The Oaks Apts comprises 15 low-income units in Mt. Carmel, Illinois, with a unit mix of twelve 1-bedroom and three 2-bedroom apartments. The property has served elderly residents since its placement in service in 1994 and operates under 4% LIHTC credits. Interested parties can contact the property manager for additional information.
Property Details
Fair Market Rent - Wabash 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 | $547 |
| 1 Bedroom | $614 |
| 2 Bedroom | $807 |
| 3 Bedroom | $1,122 |
| 4 Bedroom | $1,126 |
Income Limits - Wabash County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,950
- Very Low (50%)
- $24,850
- Low (80%)
- $39,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,400
- Low (80%)
- $45,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,950
- Low (80%)
- $51,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,500
- Low (80%)
- $56,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,350
- Low (80%)
- $61,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,200
- Low (80%)
- $65,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,050
- Low (80%)
- $70,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,900
- Low (80%)
- $75,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,950 | $24,850 | $39,800 |
| 2 Persons | $17,420 | $28,400 | $45,450 |
| 3 Persons | $21,960 | $31,950 | $51,150 |
| 4 Persons | $26,500 | $35,500 | $56,800 |
| 5 Persons | $31,040 | $38,350 | $61,350 |
| 6 Persons | $35,580 | $41,200 | $65,900 |
| 7 Persons | $40,120 | $44,050 | $70,450 |
| 8 Persons | $44,660 | $46,900 | $75,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mount Carmel, IL?+
The Fair Market Rent (FMR) for Wabash County, IL is: $547 (Studio), $614 (1BR), $807 (2BR), $1122 (3BR), $1126 (4BR). Actual rent at subsidized properties like The Oaks Apts is typically 30% of household income or less.
What size apartments are available at The Oaks Apts?+
The Oaks Apts offers the following unit types: 12 One-Bedroom, 3 Two-Bedroom units, for a total of 15 units.
Who manages The Oaks Apts?+
The Oaks Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Wabash County, IL?+
For a 4-person household in Wabash County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,500, Low Income (80% AMI): $56,800. These limits are set by HUD and updated annually.
Who is eligible to live at The Oaks Apts?+
The Oaks Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Mount Carmel, IL?+
Based on Fair Market Rent for Wabash County, the estimated price range is: 1-bedroom: $614, 2-bedroom: $807. Actual rent at The Oaks Apts may be lower for income-eligible households.
How do I apply for housing at The Oaks Apts?+
The Oaks 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.
Contact Information
Walk Score
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Nearby Schools
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