Oak Tree Village Apartments is a 272-unit mixed-income apartment community located in Lewisville, TX. The property is conveniently located adjacent to Hendrick Middle School and within minutes of shopping, entertainment, healthcare, and major transportation arteries leading to the DFW International Airport, which is only 9 miles away. Downtown Dallas is also approximately 25 miles away.The property was built in 1985 and rehabbed and placed in service in 1993, 1994, and 1995 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires at least 163 units to be rented to income qualifying residents earning no more than 50% and 60% of Area Median Income (AMI) limits, which are provided by the Texas Department of Housing and Affairs. The remaining units are unrestricted. The property is beyond its initial tax credit compliance period. Additionally, the property operates under the Affordable Housing Disposition Program. There is an existing regulatory agreement that requires 96 units to be rented to income qualifying residents earning no more than 50% & 80% of AMI.Oak Tree Village offers one, two, and three bedroom apartment homes featuring open floor plans with a full appliance package, washer & dryer connections, patio/ balcony, a wood burning fireplace, extra storage, ceiling fans, and walk-in closets. Community amenities include two community pools, 24-hour emergency maintenance, a community room, a computer center, playground, bbq/picnic areas, a business center, on-site laundry facilities, a pet play area, and a courtyard with a pond.
