About This Property
The Villas of Hanover comprises 36 low-income units in Davis, Oklahoma that have been in service since 2017. This property includes eight 2-bedroom and twenty-eight 3-bedroom units and serves households with disabilities. The development receives 9% Low-Income Housing Tax Credit funding.
Property Details
Fair Market Rent - Murray 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 | $689 |
| 1 Bedroom | $693 |
| 2 Bedroom | $911 |
| 3 Bedroom | $1,102 |
| 4 Bedroom | $1,358 |
Income Limits - Murray County, OK
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,000
- Very Low (50%)
- $23,350
- Low (80%)
- $37,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,700
- Low (80%)
- $42,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,050
- Low (80%)
- $48,050
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,350
- Low (80%)
- $53,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,050
- Low (80%)
- $57,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,700
- Low (80%)
- $61,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,400
- Low (80%)
- $66,200
- Extremely Low (30%)
- $44,050
- Very Low (50%)
- $44,050
- Low (80%)
- $70,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,000 | $23,350 | $37,350 |
| 2 Persons | $17,420 | $26,700 | $42,700 |
| 3 Persons | $21,960 | $30,050 | $48,050 |
| 4 Persons | $26,500 | $33,350 | $53,350 |
| 5 Persons | $31,040 | $36,050 | $57,650 |
| 6 Persons | $35,580 | $38,700 | $61,900 |
| 7 Persons | $40,120 | $41,400 | $66,200 |
| 8 Persons | $44,050 | $44,050 | $70,450 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Davis, OK?+
The Fair Market Rent (FMR) for Murray County, OK is: $689 (Studio), $693 (1BR), $911 (2BR), $1102 (3BR), $1358 (4BR). Actual rent at subsidized properties like The Villas of Hanover is typically 30% of household income or less.
What size apartments are available at The Villas of Hanover?+
The Villas of Hanover offers the following unit types: 8 Two-Bedroom, 28 Three-Bedroom units, for a total of 36 units.
What is the price range for apartments in Davis, OK?+
Based on Fair Market Rent for Murray County, the estimated price range is: 2-bedroom: $911, 3-bedroom: $1102. Actual rent at The Villas of Hanover may be lower for income-eligible households.
What are the income limits for affordable housing in Murray County, OK?+
For a 4-person household in Murray County, OK, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,350, Low Income (80% AMI): $53,350. These limits are set by HUD and updated annually.
How do I apply for housing at The Villas of Hanover?+
The Villas of Hanover 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 The Villas of Hanover?+
The Villas of Hanover is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at The Villas of Hanover?+
The Villas of Hanover primarily serves persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
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Nearby Schools
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