New Affordable Housing Breaks Ground in NW OKC
Oklahoma City is taking a significant step to address its critical need for affordable housing. Lincoln Avenue Communities (LAC) has officially broken ground on The Reserve at Chisholm Creek, a 267-unit community poised to offer quality living options for the city’s essential working families.
Addressing Oklahoma City’s Housing Gap
The demand for affordable housing in Oklahoma City continues to rise, making projects like The Reserve at Chisholm Creek vital for the community’s growth and stability. This development directly targets a demographic often squeezed by rising market rates: the working class, including local teachers and other service professionals.
The Reserve at Chisholm Creek: Key Details
Located in Northwest Oklahoma City, The Reserve at Chisholm Creek will feature 267 units ranging from one to four bedrooms. David Garcia, Vice President and Regional Project Partner for LAC, highlights that these rents will be approximately $200 to $400 less than comparable market-rate properties in the area. Units are expected to range from $1,000 to $1,600 per month.
Eligibility for these affordable units requires renters to qualify by earning up to 60 percent of the Area Median Income. This translates to roughly $40,000 for one-bedroom apartments and up to $60,000-$80,000 for three and four-bedroom units, making it accessible for a wide range of working professionals.
The Oklahoma Housing Finance Agency played a crucial role in making this project a reality by providing federal and state tax credits, underscoring a collaborative effort to solve the housing challenge.
| Feature | The Reserve at Chisholm Creek | Comparable Market-Rate Properties |
|---|---|---|
| Monthly Rent Range | $1,000 – $1,600 | Typically higher, $200-$400 more |
| Target Income (60% AMI) | $40,000 (1-BR) to $80,000 (4-BR) | Often higher income brackets |
| Unit Quality & Amenities | High-quality, modern amenities | Similar, but at a higher price point |
Quality Living and Community Benefits
Despite being an affordable development, The Reserve at Chisholm Creek promises high-quality living comparable to nearby market-rate properties. Residents will enjoy amenities such as swimming pools, fitness centers, community rooms, a media room, and dedicated work-from-home spaces. Inside each unit, high-end finishes like quartz and granite countertops and stainless steel appliances will be standard.
The strategic location in Northwest OKC also offers residents unparalleled convenience, placing them close to essential shopping, grocery stores, and other services. Holley Mangham, Communications Manager for the Oklahoma Housing Finance Agency, emphasized that this proximity allows working families to live close to where they work and access everything they need just steps away.
What’s Next for The Reserve at Chisholm Creek?
Construction for The Reserve at Chisholm Creek is projected to continue until the end of 2027. Developers are optimistic about filling the complex with residents by the following year, addressing a significant portion of the local affordable housing deficit.
Frequently Asked Questions
- What is The Reserve at Chisholm Creek?
It’s a new 267-unit affordable housing community currently under construction in Northwest Oklahoma City, developed by Lincoln Avenue Communities. - Who is eligible to live there?
The development is intended for working families, including teachers and community service providers, who meet income qualifications of up to 60% of the Area Median Income. - What kind of amenities will the units offer?
Residents will benefit from modern amenities like pools, gyms, community rooms, a media room, and work-from-home areas, along with high-quality interior finishes. - When is the project expected to be completed and available?
Construction is anticipated to finish by the end of 2027, with the goal of having the units occupied by 2028.
This new development marks a crucial step in ensuring that those who serve our community can also afford to live comfortably within it, fostering a more stable and vibrant Oklahoma City.
NW OKC gets new affordable housing for working families
