Fair Oaks Senior Apartments

Fair Oaks Senior Apartments Apartment Details

Total Apartment Units: 124
Total Apartment Low Income Apartments: 124
1 Bedroom apartments 110
2 Bedroom apartments 14
Years In Service Since: 2011
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Fair Oaks offers apartment properties under the Section 42, LIHTC (Low Income Tax Credit) program.
The rents are based on the Area Medium Income (AMI) and tenant-based utility allowances. At least 20% of these apartments must provide low rates for low-income tenants.
The program is designed for seniors with moderate incomes, allowing below-market rents for those who qualify.
** It is not a subsidized housing program, as each resident is responsible for their full amount of rent each month. Rental amounts are based on the pre-set income limits in the geographic area and not based on your individual household income.
To be income eligible, your total household ‘gross' income must be less than the pre-set income limit for the area.

TIP: Knowing About LIHTC (Low Income Tax Credit) units for rent. Income from all of the adults expected to reside at this apartment must be included and verified at application time. Call for more details.
1 bedroom apartments at location
2 bedroom apartments at location

Important information
Waiting Lists
Most low income apartments have waiting lists. Some of these lists can take years until you can be called for openings. The key is to try to get on as many waiting lists as possible.

Call The Apartments Directly
We provide phone numbers and websites. Call the apartments directly if they have openings or open waiting lists.

Apartment Rates
We provide current apartment rates on many listing pages. Most HUD listings do not have published rates. They are based on 30% of the renters adjustable gross income. You will need to contact the apartments to determine if you qualify for income based rent.

Apartment Rental and informational statistics for zip code

Median apartment rental rate in this zip code	$2,426
Population in zip code	50,477
Median age of those living in this zip code	33.3
Average household income of those living in this zip code	$139,847
Average home value in this zip code	$1,223,320