Oakbrook Apartments - Rockwell

About This Building

Affordable Housing Option in Rockwell, IA: Oakbrook Apartments Description: Oakbrook Apartments is a Low-Income Housing Tax Credit (LIHTC) apartment complex situated in Rockwell, IA. If you are in search of a budget-friendly housing solution, these rental apartments receive support from the LIHTC program, ensuring applicable program rent and income restrictions. Incentives for Affordable Housing: The LIHTC program provides incentives to builders and developers, encouraging them to offer affordable housing options to low-income individuals and families. The maximum rent charged for these apartments is based on the Area Median Income (AMI). However, due to this AMI calculation, some low-income individuals may still find the rent unaffordable. Check Affordability: To determine if the rent is within your budget, we recommend checking the current rental rates for Oakbrook Apartments. It is important to assess if this housing option aligns with your financial situation. Number of Apartments: We are proud to offer 16 low-income apartments at the Oakbrook Apartments complex. Despite the availability, it is common for apartments of this nature to have waiting lists due to high demand. Application Process: To inquire about availability and eligibility for Oakbrook Apartments, please feel free to contact them directly using the provided phone number. The management will guide you through the application process and determine if you qualify for residency. Structure: 1. Overview of Oakbrook Apartments 2. LIHTC Program and Incentives 3. Consideration of Maximum Rent and AMI 4. Checking Rent Affordability 5. Number of Low-Income Apartments 6. Application and Contact Information