About This Property
Oaks Senior Community offers 32 low-income units in Cresco, PA, serving elderly residents with a mix of 20 one-bedroom and 12 two-bedroom apartments. The property has been in service since 2001 and is owned and operated by a non-profit organization. Financing includes CDBG funding and 4% LIHTC credits.
Property Details
Fair Market Rent - Monroe County, PA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,111 |
| 1 Bedroom | $1,119 |
| 2 Bedroom | $1,470 |
| 3 Bedroom | $1,988 |
| 4 Bedroom | $2,376 |
Income Limits - Monroe County, PA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,150
- Very Low (50%)
- $28,550
- Low (80%)
- $45,650
- Extremely Low (30%)
- $19,600
- Very Low (50%)
- $32,600
- Low (80%)
- $52,200
- Extremely Low (30%)
- $22,050
- Very Low (50%)
- $36,700
- Low (80%)
- $58,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,750
- Low (80%)
- $65,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,050
- Low (80%)
- $70,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,300
- Low (80%)
- $75,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $50,550
- Low (80%)
- $80,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $53,800
- Low (80%)
- $86,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,150 | $28,550 | $45,650 |
| 2 Persons | $19,600 | $32,600 | $52,200 |
| 3 Persons | $22,050 | $36,700 | $58,700 |
| 4 Persons | $26,500 | $40,750 | $65,200 |
| 5 Persons | $31,040 | $44,050 | $70,450 |
| 6 Persons | $35,580 | $47,300 | $75,650 |
| 7 Persons | $40,120 | $50,550 | $80,850 |
| 8 Persons | $44,660 | $53,800 | $86,100 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cresco, PA?+
The Fair Market Rent (FMR) for Monroe County, PA is: $1111 (Studio), $1119 (1BR), $1470 (2BR), $1988 (3BR), $2376 (4BR). Actual rent at subsidized properties like Oaks Senior Community is typically 30% of household income or less.
What size apartments are available at Oaks Senior Community?+
Oaks Senior Community offers the following unit types: 20 One-Bedroom, 12 Two-Bedroom units, for a total of 32 units.
What is the price range for apartments in Cresco, PA?+
Based on Fair Market Rent for Monroe County, the estimated price range is: 1-bedroom: $1119, 2-bedroom: $1470. Actual rent at Oaks Senior Community may be lower for income-eligible households.
Who is eligible to live at Oaks Senior Community?+
Oaks Senior Community primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Oaks Senior Community?+
Oaks Senior Community is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Oaks Senior Community?+
Oaks Senior Community is managed by . You can reach them at .
What are the income limits for affordable housing in Monroe County, PA?+
For a 4-person household in Monroe County, PA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,750, Low Income (80% AMI): $65,200. These limits are set by HUD and updated annually.
Walk Score
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Nearby Schools
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