Elm Terrace Apartments

About This Building

Elm Terrace Apartments: Affordable Housing Option in Duncan, OK Leasing Information: Call (580) 255-8148 Introduction: Looking for an affordable housing option in Duncan, OK? Elm Terrace Apartments could be the perfect choice for you. These rental apartments are supported by the LIHTC (Low-Income Housing Tax Credit) program, ensuring affordable rents and income restrictions for eligible applicants. Affordability Concerns: It's important to note that the maximum rent charged at Elm Terrace Apartments is determined based on the Area Median Income (AMI). This means that for some low-income individuals, the rent may still be unaffordable due to the AMI limitations. To determine if this apartment is affordable for you, it's recommended to check the current rental rates. Diverse Apartment Options: Elm Terrace Apartments offers a variety of one, two, three, and four bedroom apartments, totaling 87 units. Whether you are a single individual or have a larger family, there are options to suit your specific needs. Waiting List: As with most apartments nowadays, there may be a waiting list at Elm Terrace Apartments. However, by directly contacting them at the provided number, you can inquire about the application process and determine if you qualify to live here. Acceptance of HUD Subsidies: Good news for those eligible for HUD (Housing and Urban Development) subsidies! Elm Terrace Apartments accepts HUD subsidies, providing additional assistance to make housing even more affordable. To avail yourself of this option, contact the apartments for more details. Rent Based on Income: For HUD-subsidized apartments, the rent is typically based on 30% of your Adjusted Gross Income. This ensures that your rent payment is manageable and in line with your income level. Call Elm Terrace Apartments for further information regarding this policy. Apartment Options: - 1 Bedroom Apartments at Elm Terrace Location - 2 Bedroom Apartments at Elm Terrace Location - 3 Bedroom Apartments at Elm Terrace Location - 4 Bedroom Apartments at Elm Terrace Location Conclusion: Elm Terrace Apartments in Duncan, OK offers affordable housing options through the LIHTC program, with diverse one to four bedroom apartments available. While affordability may vary based on the AMI, the acceptance of HUD subsidies and rent based on income make living here accessible for low-income individuals and families. Contact Elm Terrace Apartments today for leasing information and to determine if you qualify for this opportunity.