Oakwood Villa

About This Building

Affordable Housing Option in Houston, TX: Oakwood Villa Introduction: Oakwood Villa is a tax credit apartment complex situated in Houston, TX, offering a low-income housing option for those seeking affordable living arrangements. Supported by the Low-Income Housing Tax Credit (LIHTC) program, these rental apartments come with program rent and income restrictions. Incentivizing builders and developers, LIHTC aims to provide affordable housing to individuals with low incomes. However, the maximum rent is determined based on the Area Median Income (AMI), potentially making it unaffordable for some low-income individuals. To determine affordability, it is advisable to check the current rental rates. Apartment Details: - Number of Low-Income Apartments: Oakwood Villa boasts 179 low-income apartments, providing numerous housing opportunities for those in need. Waiting Lists: - Increased Demand: As is common for many apartment complexes, Oakwood Villa may have waiting lists due to the high demand for affordable housing options. Contact and Application: - Direct Contact: To explore the possibility of applying and qualifying for residency at Oakwood Villa, please contact them directly using the provided phone number. Income Verification: - Inclusion and Verification: During the application process, it is essential to include and verify the income of all adults expected to reside in the apartment. For more information, kindly get in touch with the management. Apartment Availability: - Apartment Types: Oakwood Villa offers various apartment types, including 1 bedroom, 2 bedroom, 3 bedroom, and 4 bedroom units. Conclusion: If you are searching for an affordable housing option in Houston, TX, Oakwood Villa, supported by the LIHTC program, can potentially provide you with a suitable solution. While affordability may be influenced by the AMI, it is advisable to inquire about current rental rates to assess your eligibility. Reach out to Oakwood Villa directly for further details and potential application for residency.