OAKMONT NORTH OPERATIONS OVERVIEW
FUNDING METHODOLOGY
Oakmont North was built in 1971 and has 408 units. These projects provide below market rate housing. Lawson Realty, a private management company, conducts day to day management and maintenance of both facilities.
Tenant payments for rent, utilities and other fees make up the total income for the Oakmont North Apartments.
PROGRAM INITIATIVES
Oakmont North was included in the Portfolio Needs Assessment (PNA) conducted by the Housing Operatio ns Division for all NRHA rental communities. A review of the PNA study for Oakmont No rth will be used in determin ing the long ran ge plans for the community.
The Oakmont No rth site includes property that could support the development of additional affordabl e rental housing units. NRHA continues to pursue community support for this effort.
Capital Improvements are underway for the Family Investment Center and wil l be compl ete in FY18. The renovation of a playground area is complete.
NRHA FY2018 Approved Budget
June 2017
Tab 4. Page 37