Oak Hill Apartments Grand Prairie

About This Building

Affordable Housing Option in Oak Hill Apartments Grand Prairie, TX Introduction: Oak Hill Apartments Grand Prairie is a low-income housing option supported by the Low-Income Housing Tax Credit (LIHTC) program. If you are in search of affordable housing, these rental apartments are tailored to meet your needs. LIHTC Program: The LIHTC program encourages builders and developers to offer affordable housing to low-income individuals. By participating in this program, the rental rates are regulated based on the Area Median Income (AMI). However, it's important to note that the AMI may still render this apartment unaffordable to some low-income individuals. Current Rental Rates: To determine affordability, it is advised to check the current rental rates. While this apartment complex is designed to be affordable, it's essential to evaluate if it aligns with your budget. Abundance of Low-Income Apartments: Oak Hill Apartments Grand Prairie offers a total of 102 low-income apartments. Due to the popularity of affordable housing, many apartments nowadays have waiting lists. Therefore, it is recommended to make direct contact with the property management to inquire about availability and qualification criteria. Know About LIHTC Units for Rent: Understanding the concept of Low-Income Tax Credit (LIHTC) units can be helpful when searching for affordable housing. For more information and specific details, please contact the management directly. Inclusion of All Adult Incomes: During the application process, it is vital to include and verify the income of all adults who will be residing in the apartment. This ensures accurate evaluation of eligibility. For more details, feel free to call and inquire. Available Apartment Types: At Oak Hill Apartments Grand Prairie, various apartment options are available: 1. One-bedroom apartments 2. Two-bedroom apartments 3. Three-bedroom apartments To summarize, Oak Hill Apartments Grand Prairie in Grand Prairie, TX, offers a Low-Income Housing Tax Credit program for affordable housing. It provides a range of apartment options, but it is advisable to check the current rental rates and discuss eligibility criteria with the management to determine if it is the right choice for you.