About This Property
Willow Bend Village comprises 24 low-income residential units in Welch, Oklahoma, consisting of twelve 1-bedroom and twelve 2-bedroom apartments. The property has been in service since 2001 and operates under 4% Low-Income Housing Tax Credit financing. Residents have access to affordable housing options in Craig County through this mixed-unit community.
Property Details
Fair Market Rent - Craig 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 | $696 |
| 1 Bedroom | $697 |
| 2 Bedroom | $916 |
| 3 Bedroom | $1,199 |
| 4 Bedroom | $1,220 |
Income Limits - Craig County, OK
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,800
- Low (80%)
- $33,250
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,750
- Low (80%)
- $38,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,700
- Low (80%)
- $42,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,650
- Low (80%)
- $47,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,050
- Low (80%)
- $51,250
- Extremely Low (30%)
- $34,400
- Very Low (50%)
- $34,400
- Low (80%)
- $55,050
- Extremely Low (30%)
- $36,800
- Very Low (50%)
- $36,800
- Low (80%)
- $58,850
- Extremely Low (30%)
- $39,150
- Very Low (50%)
- $39,150
- Low (80%)
- $62,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,800 | $33,250 |
| 2 Persons | $17,420 | $23,750 | $38,000 |
| 3 Persons | $21,960 | $26,700 | $42,750 |
| 4 Persons | $26,500 | $29,650 | $47,450 |
| 5 Persons | $31,040 | $32,050 | $51,250 |
| 6 Persons | $34,400 | $34,400 | $55,050 |
| 7 Persons | $36,800 | $36,800 | $58,850 |
| 8 Persons | $39,150 | $39,150 | $62,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Welch, OK?+
The Fair Market Rent (FMR) for Craig County, OK is: $696 (Studio), $697 (1BR), $916 (2BR), $1199 (3BR), $1220 (4BR). Actual rent at subsidized properties like Willow Bend Village is typically 30% of household income or less.
What size apartments are available at Willow Bend Village?+
Willow Bend Village offers the following unit types: 12 One-Bedroom, 12 Two-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Craig County, OK?+
For a 4-person household in Craig County, OK, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,650, Low Income (80% AMI): $47,450. These limits are set by HUD and updated annually.
What is the price range for apartments in Welch, OK?+
Based on Fair Market Rent for Craig County, the estimated price range is: 1-bedroom: $697, 2-bedroom: $916. Actual rent at Willow Bend Village may be lower for income-eligible households.
How do I apply for housing at Willow Bend Village?+
Willow Bend Village 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.
Who manages Willow Bend Village?+
Willow Bend Village is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.