Oak Terrace Apts LIHTC Traverse City, MI
Profile last updated · Data vintage: HUD LIHTC 2024
Oak Terrace Apts is a Low-Income Housing Tax Credit (LIHTC) community in Traverse City, MI with 48 units. Rents are set relative to household income.
48
total units
—
occupancy
—
avg resident rent
—
reported wait
Resident & program facts (HUD-reported)
| Program(s) | Low-Income Housing Tax Credit (LIHTC) |
|---|---|
| Address | 1240 Oak Ter Dr, Traverse City, MI 49686 Map → |
| Tax-credit (LI) units | 48 |
| Placed in service | 2007 |
How to apply at Oak Terrace Apts
LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
- Call or visit the management office at 1240 Oak Ter Dr, Traverse City; ask if the waitlist is open and request an application.
- Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
- Claim eligible preferences (homelessness, veteran, local residency) with documentation.
- Respond fast to interview letters; verify rent expectations against your budget.
Other subsidized housing in Traverse City
- Bay Hill LIHTCPB Section 8
- Bay Hill I LIHTC
- The Village at Bay Ridge LIHTC
- Village Glen Apts LIHTCPB Section 8
- Village at Lafranier Woods LIHTCPB Section 8
- Woda Boardman Lake LIHTCPB Section 8
- Oak Park Apts LIHTC
- Bay Hill Ii LIHTC
- Brookside Commons LIHTCPB Section 8
- Aspen Hills/mht Ldha Lp PB Section 8
Nearby subsidized housing (within ~10 km)
| Property | Location | Distance |
|---|---|---|
| Keystone Village Apts LIHTCPB Section 8 | Traverse City | 0.8 km |
| Annika Place LIHTCPB Section 8 | Traverse City | 2.2 km |
| Independent Housing Corp PB Section 8 | Traverse City | 2.2 km |
| Woodmere Ridge Apts LIHTC | Traverse City | 2.4 km |
| Gta Community Living Center PB Section 8 | Traverse City | 2.4 km |
| Boardman Lake Apts Ii LIHTC | Traverse City | 2.8 km |
| Bay Front Apts LIHTC | Traverse City | 3.3 km |
| Ruth Park LIHTCPB Section 8 | Traverse City | 3.4 km |
← All subsidized housing in Traverse City
Frequently asked questions
What kind of subsidy does Oak Terrace Apts have?
Low-Income Housing Tax Credit (LIHTC). LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
How much is rent at Oak Terrace Apts?
Rents are income-based: expect to pay roughly 30% of adjusted monthly household income under the building's federal program.
How do I apply at Oak Terrace Apts?
Contact the management office at 1240 Oak Ter Dr in Traverse City. Ask whether the waitlist is open, request an application, and claim any preferences you qualify for. There is never a fee to apply for HUD-subsidized housing.