About This Property
Lexington Village Apts consists of 8 units in Lexington, Oklahoma and serves low-income residents. The property was placed in service in 1993 and receives 4% LIHTC credit financing.
Property Details
Fair Market Rent - Cleveland 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 | $824 |
| 1 Bedroom | $884 |
| 2 Bedroom | $1,091 |
| 3 Bedroom | $1,454 |
| 4 Bedroom | $1,605 |
Income Limits - Cleveland County, OK
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,400
- Very Low (50%)
- $25,650
- Low (80%)
- $41,000
- Extremely Low (30%)
- $17,600
- Very Low (50%)
- $29,300
- Low (80%)
- $46,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,950
- Low (80%)
- $52,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,600
- Low (80%)
- $58,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,550
- Low (80%)
- $63,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,500
- Low (80%)
- $67,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,400
- Low (80%)
- $72,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,350
- Low (80%)
- $77,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,400 | $25,650 | $41,000 |
| 2 Persons | $17,600 | $29,300 | $46,850 |
| 3 Persons | $21,960 | $32,950 | $52,700 |
| 4 Persons | $26,500 | $36,600 | $58,550 |
| 5 Persons | $31,040 | $39,550 | $63,250 |
| 6 Persons | $35,580 | $42,500 | $67,950 |
| 7 Persons | $40,120 | $45,400 | $72,650 |
| 8 Persons | $44,660 | $48,350 | $77,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lexington, OK?+
The Fair Market Rent (FMR) for Cleveland County, OK is: $824 (Studio), $884 (1BR), $1091 (2BR), $1454 (3BR), $1605 (4BR). Actual rent at subsidized properties like Lexington Village Apts is typically 30% of household income or less.
What are the income limits for affordable housing in Cleveland County, OK?+
For a 4-person household in Cleveland County, OK, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,600, Low Income (80% AMI): $58,550. These limits are set by HUD and updated annually.
Who manages Lexington Village Apts?+
Lexington Village Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Lexington Village Apts?+
Lexington Village 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
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.