About This Property
Oakmont Greene II offers 50 units of affordable housing in Mt. Hope, WV, with 49 low-income units serving families. The property features a mix of floor plans including fourteen 1-bedroom, eighteen 2-bedroom, fourteen 3-bedroom, and four 4-bedroom units. The community has been in service since 2005 and operates under a 9% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Fayette County, WV
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $592 |
| 1 Bedroom | $683 |
| 2 Bedroom | $873 |
| 3 Bedroom | $1,169 |
| 4 Bedroom | $1,481 |
Income Limits - Fayette County, WV
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,200
- Low (80%)
- $30,700
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,950
- Low (80%)
- $35,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,700
- Low (80%)
- $39,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,400
- Low (80%)
- $43,850
- Extremely Low (30%)
- $29,600
- Very Low (50%)
- $29,600
- Low (80%)
- $47,400
- Extremely Low (30%)
- $31,800
- Very Low (50%)
- $31,800
- Low (80%)
- $50,900
- Extremely Low (30%)
- $34,000
- Very Low (50%)
- $34,000
- Low (80%)
- $54,400
- Extremely Low (30%)
- $36,200
- Very Low (50%)
- $36,200
- Low (80%)
- $57,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,200 | $30,700 |
| 2 Persons | $17,420 | $21,950 | $35,100 |
| 3 Persons | $21,960 | $24,700 | $39,500 |
| 4 Persons | $26,500 | $27,400 | $43,850 |
| 5 Persons | $29,600 | $29,600 | $47,400 |
| 6 Persons | $31,800 | $31,800 | $50,900 |
| 7 Persons | $34,000 | $34,000 | $54,400 |
| 8 Persons | $36,200 | $36,200 | $57,900 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mt Hope, WV?+
The Fair Market Rent (FMR) for Fayette County, WV is: $592 (Studio), $683 (1BR), $873 (2BR), $1169 (3BR), $1481 (4BR). Actual rent at subsidized properties like Oakmont Greene Ii is typically 30% of household income or less.
What size apartments are available at Oakmont Greene Ii?+
Oakmont Greene Ii offers the following unit types: 14 One-Bedroom, 18 Two-Bedroom, 14 Three-Bedroom, 4 Four-Bedroom units, for a total of 50 units.
What is the price range for apartments in Mt Hope, WV?+
Based on Fair Market Rent for Fayette County, the estimated price range is: 1-bedroom: $683, 2-bedroom: $873, 3-bedroom: $1169. Actual rent at Oakmont Greene Ii may be lower for income-eligible households.
Who is eligible to live at Oakmont Greene Ii?+
Oakmont Greene Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Oakmont Greene Ii?+
Oakmont Greene Ii is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Fayette County, WV?+
For a 4-person household in Fayette County, WV, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,400, Low Income (80% AMI): $43,850. These limits are set by HUD and updated annually.
How do I apply for housing at Oakmont Greene Ii?+
Oakmont Greene Ii 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.
Contact Information
Location
Fayette County, WV
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