About This Property
Shady Acres consists of 87 units in Ardmore, Oklahoma, with 86 units designated for low-income residents. The property was placed in service in 2019 and includes a mix of studio, one, two, three, and four-bedroom units, serving individuals experiencing homelessness. The property is financed with 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Carter County, OK
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $743 |
| 1 Bedroom | $748 |
| 2 Bedroom | $983 |
| 3 Bedroom | $1,232 |
| 4 Bedroom | $1,474 |
Income Limits - Carter County, OK
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,150
- Very Low (50%)
- $21,900
- Low (80%)
- $35,000
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,000
- Low (80%)
- $40,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,150
- Low (80%)
- $45,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,250
- Low (80%)
- $50,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,750
- Low (80%)
- $54,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,250
- Low (80%)
- $58,000
- Extremely Low (30%)
- $38,750
- Very Low (50%)
- $38,750
- Low (80%)
- $62,000
- Extremely Low (30%)
- $41,250
- Very Low (50%)
- $41,250
- Low (80%)
- $66,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,150 | $21,900 | $35,000 |
| 2 Persons | $17,420 | $25,000 | $40,000 |
| 3 Persons | $21,960 | $28,150 | $45,000 |
| 4 Persons | $26,500 | $31,250 | $50,000 |
| 5 Persons | $31,040 | $33,750 | $54,000 |
| 6 Persons | $35,580 | $36,250 | $58,000 |
| 7 Persons | $38,750 | $38,750 | $62,000 |
| 8 Persons | $41,250 | $41,250 | $66,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Ardmore, OK?+
The Fair Market Rent (FMR) for Carter County, OK is: $743 (Studio), $748 (1BR), $983 (2BR), $1232 (3BR), $1474 (4BR). Actual rent at subsidized properties like Shady Acres is typically 30% of household income or less.
What size apartments are available at Shady Acres?+
Shady Acres offers the following unit types: 24 Studio, 18 One-Bedroom, 18 Two-Bedroom, 22 Three-Bedroom, 4 Four-Bedroom units, for a total of 87 units.
Who is eligible to live at Shady Acres?+
Shady Acres primarily serves formerly homeless individuals. 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 Carter County, OK?+
For a 4-person household in Carter County, OK, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,250, Low Income (80% AMI): $50,000. These limits are set by HUD and updated annually.
What is the price range for apartments in Ardmore, OK?+
Based on Fair Market Rent for Carter County, the estimated price range is: 1-bedroom: $748, 2-bedroom: $983, 3-bedroom: $1232. Actual rent at Shady Acres may be lower for income-eligible households.
Who manages Shady Acres?+
Shady Acres is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Shady Acres?+
Shady Acres 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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