About This Property
The Towers Apartments comprises 43 low-income units in Altus, Oklahoma, serving elderly residents. The community includes 18 studio units and 26 one-bedroom units and was placed in service in 2018. Jackson County residents can contact the property for additional information regarding availability and eligibility requirements.
Property Details
Fair Market Rent - Jackson 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 | $677 |
| 1 Bedroom | $678 |
| 2 Bedroom | $891 |
| 3 Bedroom | $1,154 |
| 4 Bedroom | $1,439 |
Income Limits - Jackson 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 Altus, OK?+
The Fair Market Rent (FMR) for Jackson County, OK is: $677 (Studio), $678 (1BR), $891 (2BR), $1154 (3BR), $1439 (4BR). Actual rent at subsidized properties like The Towers Apartments is typically 30% of household income or less.
What size apartments are available at The Towers Apartments?+
The Towers Apartments offers the following unit types: 18 Studio, 26 One-Bedroom units, for a total of 43 units.
How do I apply for housing at The Towers Apartments?+
The Towers Apartments 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 are the income limits for affordable housing in Jackson County, OK?+
For a 4-person household in Jackson 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.
Who is eligible to live at The Towers Apartments?+
The Towers Apartments 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 Altus, OK?+
Based on Fair Market Rent for Jackson County, the estimated price range is: 1-bedroom: $678. Actual rent at The Towers Apartments may be lower for income-eligible households.
Who manages The Towers Apartments?+
The Towers Apartments is managed by . You can reach them at . Visit their website for more information.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.