Low Income (LIHTC)

Oak Park (Salem)

61 Otter Ave, Salem, VA, 24153

Information verified May 8, 2026·We re-check waiting list status daily

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About This Property

Oak Park provides 144 units of affordable housing in Salem, Virginia, with 140 of those designated for low-income households. The property has been in service since 2011 and is financed through tax-exempt bonds and 4% Low-Income Housing Tax Credits. The community serves families seeking affordable rental options in Salem County.

Property Details

Total Units

144

Income Limits - Salem County, VA

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $16,450
Very Low (50%): $27,450
Low (80%): $43,900

2 Persons

Extremely Low (30%): $18,800
Very Low (50%): $31,400
Low (80%): $50,200

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $35,300
Low (80%): $56,450

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $39,200
Low (80%): $62,700

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $42,350
Low (80%): $67,750

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $45,500
Low (80%): $72,750

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $48,650
Low (80%): $77,750

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $51,750
Low (80%): $82,800

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$16,450	$27,450	$43,900
2 Persons	$18,800	$31,400	$50,200
3 Persons	$21,960	$35,300	$56,450
4 Persons	$26,500	$39,200	$62,700
5 Persons	$31,040	$42,350	$67,750
6 Persons	$35,580	$45,500	$72,750
7 Persons	$40,120	$48,650	$77,750
8 Persons	$44,660	$51,750	$82,800

Tax Credit Program Details

Year Placed in Service

2011

LIHTC Credit Type

Low-Income Units

140 / 144

Target Population

Families

Funding Programs

Tax-Exempt Bond

Frequently Asked Questions

What are the income limits for affordable housing in Salem County, VA?+

For a 4-person household in Salem County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,200, Low Income (80% AMI): $62,700. These limits are set by HUD and updated annually.

How do I apply for housing at Oak Park (Salem)?+

Oak Park (Salem) 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 is eligible to live at Oak Park (Salem)?+

Oak Park (Salem) primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

Who manages Oak Park (Salem)?+

Oak Park (Salem) is managed by . You can reach them at .

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