Bonifay's largest subsidized senior and accessible apartment community, located off South Waukesha Street (SR-79) at 100 Oak Terrace Lane, Bonifay, FL 32425 ((850) 547-4941). Operated by Oak Terrace Apartments, LLLP (Florida Sunbiz Limited Liability Limited Partnership Document #A31246, Active), Oak Terrace Apartments features 48 garden-style 1-bedroom and 2-bedroom rental units financed jointly through the USDA Rural Development Section 515 Rural Rental Housing program, USDA Section 521 Rental Assistance (RA), and the Florida Housing Finance Corporation (FHFC) Low-Income Housing Tax Credit (LIHTC) program. Designed to serve older adults (age 62+), individuals with disabilities, and low- to moderate-income Holmes County households, the community provides ground-floor step-free entries, Uniform Federal Accessibility Standards (UFAS) grab bars and roll-in bathroom features, on-site laundry facilities, and project-based rental assistance capping qualifying residents' monthly rent at 30% of adjusted gross household income.
Official Verification Sources: Florida Sunbiz Entity — Oak Terrace Apartments, LLLP (Doc# A31246); USDA Rural Development Multi-Family Housing Rentals — Holmes County Directory; FloridaHousingSearch.org — Affordable Rental Locator (Bonifay, FL 32425)
Issuer: USDA Rural Development Multi-Family Housing, FHFC & Florida Division of Corporations (Sunbiz)
Notes: Verified 2026-10-23: OAK TERRACE APARTMENTS, LLLP (Florida Sunbiz Doc# A31246, Active) operates the 48-unit Oak Terrace Apartments community at 100 Oak Terrace Ln, Bonifay, FL 32425 ((850) 547-4941), participating in USDA Rural Development Section 515, USDA Section 521 Rental Assistance, and the Low-Income Housing Tax Credit (LIHTC) program.
Factual details and direct answers about Oak Terrace Apartments (Bonifay 48-Unit USDA Section 515/521 & LIHTC Senior & Accessible Apartments)'s services, licensing, and credentials.
How many units does Oak Terrace Apartments in Bonifay have, and what subsidy programs does it offer?
Oak Terrace Apartments at 100 Oak Terrace Lane, Bonifay, FL 32425 ((850) 547-4941) has 48 total 1-bedroom and 2-bedroom apartment units. It is subsidized through both the USDA Rural Development Section 515/521 Rental Assistance program and the Low-Income Housing Tax Credit (LIHTC) program, allowing qualifying seniors (62+), disabled residents, and low-income households to pay income-based or AMI-restricted rent.
Does Oak Terrace Apartments accept HUD Section 8 vouchers and offer medical expense deductions for seniors?
Yes. Under USDA Section 515/521 rules, households where the head, co-head, or spouse is age 62 or older or has a disability receive a standard elderly/disabled deduction plus deductions for unreimbursed medical expenses exceeding 3% of gross income before calculating the 30% rent share. The property also accepts HUD Section 8 Housing Choice Vouchers.
Connect with complementary legal, financial, and residential providers serving seniors in Bonifay and Holmes County.
Law Office of Timothy H. Wells, Esq. (Bonifay Probate, Estate Planning, Real Property & Certified Mediation Practice)
Bonifay, Holmes County
(850) 547-3644
First Federal Bank — Bonifay Branch & PeoplesSouth Bank — Bonifay Branch (In-County FDIC Senior, IRA & Estate Banking on Waukesha Street)
Bonifay, Holmes County
(850) 547-3624
Bonifay Nursing and Rehab Center (180-Bed Skilled Nursing, Post-Acute Rehab & Memory Care)
Bonifay, Holmes County
(850) 547-9289
Expert guidance, benefit eligibility rules, and state protections for older Florida residents and family caregivers.
Marylane Apartments (Indiana Villas) & Foxrun Apartments (Bonifay USDA Section 515/521 & LIHTC Rentals)
Bonifay, Holmes County
Holmes County Housing Authority, NWFRHA Sessoms Moore Homes / Section 8 & Holmes County SHIP Program
Bonifay, Holmes County
Bonifay Villas (31-Unit USDA Section 515 & Section 521 Rental Assistance Apartment Community)
Bonifay, Holmes County
Holmes County Council on Aging, Inc. — Bonifay Senior Center & DOEA PSA 2 Independent Living Hub
Bonifay, Holmes County
Disclaimer: This directory listing is for informational purposes only. Florida Senior Support does not endorse or guarantee the quality of services. Please verify information and services directly with the organization.