COVENANT HARBOR

Multifamily Housing

Property Info

COVENANT HARBOR
234 FINKE RD
Salem Oak Harbor, OH 43449
(419) 898-6460

Property Info
Floor Plans
Programs
Income Limits
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COVENANT HARBOR

Multifamily Housing

(Section 202, and Special Needs Section 811)

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Section 202

HUD’s Section 202 is a government program with the objective to provide affordable housing to low-income seniors aged 62 years or older. The program offers capital advances and

Learn more

Special Needs Section 811

HUD’s Section 811 is a government project that provides affordable housing to people with disabilities who have extremely low income. The program offers capital advances and project rental

Learn more

Last Updated: January 06, 2022

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Property Info

COVENANT HARBOR

234 FINKE RD
Oak Harbor, OH 43449

(419) 898-6460

Contracts associated with the property

Total number of active contracts associated with the property1
Total number of units across all the active contracts associated with the property14

Contract # 1OH12S011004
The maximum number of units available on the active contract # 114
The name of the program type for the active contract # 1PRAC/202
The fiscal year quarter in which the overall active contract expires, for active contract # 131-MAR-22

Contract # 20
The maximum number of units available on the active contract # 20
The name of the program type for the active contract # 20
The fiscal year quarter in which the overall active contract expires, for active contract # 20

Total Affordable Units

Numbers below do not indicate vacancies

0 Bedroom Units
0
1 Bedroom Units
14
2 Bedroom Units
0
3 Bedroom Units
0
4 Bedroom Units
0
5 Bedroom Units
0

14 Total Assisted Units

Numbers below do not indicate vacancies

The total number of efficiencies for active contract #1
0
The total number of efficiencies for active contract #2
0
The total number of units with one bedroom for active contract #1
14
The total number of units with one bedroom for active contract #2
0
The total number of units with two bedrooms for active contract #1
0
The total number of units with two bedrooms for active contract #2
0
The total number of units with three bedrooms for active contract #1
0
The total number of units with three bedrooms for active contract #2
0
The total number of units with four bedrooms for active contract #1
0
The total number of units with four bedrooms for active contract #2
0
The total number of units with five or more bedrooms for active contract #1
0
The total number of units with five or more bedrooms for active contract #2
0

Household

Occupied units as the % of units available99.209999
Average size of household1
Average gross household contribution towards rent per month (includes payment toward rent and utilities).338
Average federal spending per unit per month (not fully comparable across programs).430
Average total household income per year15799
Average household income per person per year15799
% of housholds with income below $5,000 per year.0
% of housholds with income between $5,000-$9,999 per year.14.29
% of housholds with income between $10,000-$14,999 per year.28.57
% of housholds with income between $15,000-$19,999 per year.35.709999
% of housholds with income $20,000 or more per year.21.43
% of households where the majority of household income is derived from a source other than wage and welfare.100
Household income as a percent of local area median family income, as defined by HUD20.969999
% of households with income below 50% of local area median family income100
% of households with income below 30% of local area median family income50
% with two spouses and 1 or more children under 18 years.0
% where spouse not present and 1 or more children under 18 years.0
% of households headed by a female.78.57
% of households headed by a female with children.0
% of households below age 62 where either household head or spouse (or cohead)has a disability.0
% of households age 62 or older where either household head or spouse (or cohead) has a disability.0
% of all persons in household with a disability.0
% 24 or less years: household head or spouse (whoever is older).0
% 25 to 50 years: household head or spouse (whoever is older).0
% 51 to 61 years: household head or spouse (whoever is older).0
% age 62 and older.100
% age 85 and older.14.29
% Minority.14.29
% Black, non-Hispanic.0
% Native American, non-Hispanic.7.1399999
% Asian or Pacific Islander, non-Hispanic.0
% Hispanic (of any race).7.1399999
Average number of months on waiting list among admissions.0
Average number of months since moved in.83
% with valid utility allowance ($1 to $1000).0
Average utility allowance among households who have it (in $ per month).0
% of reported households with 0-1 bedroom units100
% of reported households with 2 bedroom units.0
% of reported households with 3 or more bedroom units.0
% overhoused0
Minorities as % of total population in the census tract where HUD assisted4.9299998
Percent of the population below poverty level12
% of households who are owner-occupants of single-family detached71.940002
Total Number of Children0
% of household members age 62 or older100
% of all household members below age 62 with a disability0
% of households with income below 80% of local area median family100
Median of Total Annual Income for the households served15713

Please contact the management company for an application and/or vacancy information.

If the resource information above is incorrect, please notify your local HUD field office.

Multifamily Housing

The multifamily housing programs look after the overall management, development, direction, and administration of HUD Multifamily housing programs. The offices under the multifamily housing are mentioned as follows:

Deputy Assistant Secretary office
Field support and operations offices
Asset management and Portfolio oversight Offices
Recapitalization office
Multifamily production office

Let us learn about these offices at greater length in the sections mentioned below.

Office of Deputy Assistant Secretary

The office of the deputy assistant secretary is responsible for implementing the multifamily housing programs that are authorized by the National Housing Act. The main thing that the Deputy assistant secretary oversees is asset management, production, portfolio oversight, and recapitalization.

Its field operations consist of 5 Regional centers, 7 Regional Satellite offices, and asset management servicing offices worldwide. Some of the crucial activities of this office include:

Look after risk-sharing programs such as program compliance by housing finance agencies and government-sponsored enterprises.

Perform asset management & portfolio oversight of the multifamily housing projects that are developed under the Multifamily Mortgage Insurance.

It also preserves properties and checks affordability by restructuring rents and mortgages with the help of the programs.

Provides service to project-based rental subsidy programs that are operating in multifamily housing projects.

Programs

Section 202

HUD’s Section 202 is a government program with the objective to provide affordable housing to low-income seniors aged 62 years or older. The program offers capital advances and project rental assistance to private nonprofit organizations, which use the funds to develop and maintain rental housing for elderly households. The program’s mission is to increase the supply of affordable housing for seniors and provide them with a stable and secure living environment. Property owners who participate in the program receive rental subsidies from HUD, which they use to offset the cost of renting units to eligible senior residents. The program enables seniors to maintain their independence, live with dignity, and access essential support services, such as healthcare and social services.

More Info

Special Needs Section 811

HUD’s Section 811 is a government project that provides affordable housing to people with disabilities who have extremely low income. The program offers capital advances and project rental assistance to nonprofit organizations, which use the funds to develop and maintain rental housing for people with disabilities. The program’s intention is to increase the supply of affordable housing for people with disabilities and provide them with a stable and secure living environment. Property owners who participate in the program receive rental subsidies from HUD, which they use to offset the cost of renting units to eligible residents. The program plays a crucial part in enabling people with disabilities to maintain their independence, live with self-worth, and access essential support services, such as healthcare and social services.

More Info

Income Limits

Oak Harbor, Ottawa County, OH HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Miami but actual income limits may differ for units at Cutler Manor.