About This Property
Cottage Park Newcastle is a 40-unit affordable housing community in Newcastle, Oklahoma that serves elderly residents. The property includes twelve one-bedroom units and twenty-eight two-bedroom units, all designated as low-income housing. Placed in service in 2012, the community is non-profit owned and financed through 4% Low-Income Housing Tax Credit funding.
Property Details
Fair Market Rent - McClain 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 - McClain 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Newcastle, OK?+
The Fair Market Rent (FMR) for McClain County, OK is: $824 (Studio), $884 (1BR), $1091 (2BR), $1454 (3BR), $1605 (4BR). Actual rent at subsidized properties like Cottage Park Newcastle is typically 30% of household income or less.
What size apartments are available at Cottage Park Newcastle?+
Cottage Park Newcastle offers the following unit types: 12 One-Bedroom, 28 Two-Bedroom units, for a total of 40 units.
What are the income limits for affordable housing in McClain County, OK?+
For a 4-person household in McClain 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 is eligible to live at Cottage Park Newcastle?+
Cottage Park Newcastle 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 Newcastle, OK?+
Based on Fair Market Rent for McClain County, the estimated price range is: 1-bedroom: $884, 2-bedroom: $1091. Actual rent at Cottage Park Newcastle may be lower for income-eligible households.
How do I apply for housing at Cottage Park Newcastle?+
Cottage Park Newcastle 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 Cottage Park Newcastle?+
Cottage Park Newcastle 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.
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