About This Property
Oakbrook Terrace is a 80-unit affordable housing community in Orange, VA that serves low-income families. The property offers 16 two-bedroom and 64 three-bedroom units and has been in service since 1999. The community receives 9% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Orange County, VA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $949 |
| 1 Bedroom | $955 |
| 2 Bedroom | $1,187 |
| 3 Bedroom | $1,584 |
| 4 Bedroom | $1,852 |
Income Limits - Orange County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,200
- Very Low (50%)
- $28,700
- Low (80%)
- $45,850
- Extremely Low (30%)
- $19,650
- Very Low (50%)
- $32,800
- Low (80%)
- $52,400
- Extremely Low (30%)
- $22,100
- Very Low (50%)
- $36,900
- Low (80%)
- $58,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,950
- Low (80%)
- $65,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,250
- Low (80%)
- $70,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,550
- Low (80%)
- $76,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $50,800
- Low (80%)
- $81,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $54,100
- Low (80%)
- $86,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,200 | $28,700 | $45,850 |
| 2 Persons | $19,650 | $32,800 | $52,400 |
| 3 Persons | $22,100 | $36,900 | $58,950 |
| 4 Persons | $26,500 | $40,950 | $65,500 |
| 5 Persons | $31,040 | $44,250 | $70,750 |
| 6 Persons | $35,580 | $47,550 | $76,000 |
| 7 Persons | $40,120 | $50,800 | $81,250 |
| 8 Persons | $44,660 | $54,100 | $86,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Orange, VA?+
The Fair Market Rent (FMR) for Orange County, VA is: $949 (Studio), $955 (1BR), $1187 (2BR), $1584 (3BR), $1852 (4BR). Actual rent at subsidized properties like Oakbrook Terrace is typically 30% of household income or less.
What size apartments are available at Oakbrook Terrace?+
Oakbrook Terrace offers the following unit types: 16 Two-Bedroom, 64 Three-Bedroom units, for a total of 80 units.
What are the income limits for affordable housing in Orange County, VA?+
For a 4-person household in Orange County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,950, Low Income (80% AMI): $65,500. These limits are set by HUD and updated annually.
Who is eligible to live at Oakbrook Terrace?+
Oakbrook Terrace primarily serves families. 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 Orange, VA?+
Based on Fair Market Rent for Orange County, the estimated price range is: 2-bedroom: $1187, 3-bedroom: $1584. Actual rent at Oakbrook Terrace may be lower for income-eligible households.
Who manages Oakbrook Terrace?+
Oakbrook Terrace is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Oakbrook Terrace?+
Oakbrook Terrace 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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