About This Property
The Oaks offers 40 low-income units in Taylorsville, NC, comprising 12 one-bedroom and 28 two-bedroom apartments designed to serve families. This property has been in service since 1997 and receives funding through 4% Low-Income Housing Tax Credits. Interested parties can contact the property management for additional information about availability and lease terms.
Property Details
Fair Market Rent - Alexander County, NC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $806 |
| 1 Bedroom | $834 |
| 2 Bedroom | $1,014 |
| 3 Bedroom | $1,314 |
| 4 Bedroom | $1,506 |
Income Limits - Alexander County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,150
- Low (80%)
- $33,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,150
- Low (80%)
- $38,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,150
- Low (80%)
- $43,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,150
- Low (80%)
- $48,250
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,600
- Low (80%)
- $52,150
- Extremely Low (30%)
- $35,000
- Very Low (50%)
- $35,000
- Low (80%)
- $56,000
- Extremely Low (30%)
- $37,400
- Very Low (50%)
- $37,400
- Low (80%)
- $59,850
- Extremely Low (30%)
- $39,800
- Very Low (50%)
- $39,800
- Low (80%)
- $63,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,150 | $33,800 |
| 2 Persons | $17,420 | $24,150 | $38,600 |
| 3 Persons | $21,960 | $27,150 | $43,450 |
| 4 Persons | $26,500 | $30,150 | $48,250 |
| 5 Persons | $31,040 | $32,600 | $52,150 |
| 6 Persons | $35,000 | $35,000 | $56,000 |
| 7 Persons | $37,400 | $37,400 | $59,850 |
| 8 Persons | $39,800 | $39,800 | $63,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Taylorsville, NC?+
The Fair Market Rent (FMR) for Alexander County, NC is: $806 (Studio), $834 (1BR), $1014 (2BR), $1314 (3BR), $1506 (4BR). Actual rent at subsidized properties like The Oaks is typically 30% of household income or less.
What size apartments are available at The Oaks?+
The Oaks offers the following unit types: 12 One-Bedroom, 28 Two-Bedroom units, for a total of 40 units.
How do I apply for housing at The Oaks?+
The Oaks 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 Taylorsville, NC?+
Based on Fair Market Rent for Alexander County, the estimated price range is: 1-bedroom: $834, 2-bedroom: $1014. Actual rent at The Oaks may be lower for income-eligible households.
Who is eligible to live at The Oaks?+
The Oaks primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages The Oaks?+
The Oaks is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Alexander County, NC?+
For a 4-person household in Alexander County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,150, Low Income (80% AMI): $48,250. These limits are set by HUD and updated annually.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.