929 SW Salmon St, Portland, OR 97205
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley, Ayat Elkarib| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 2 Beds | 1 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Fountain place is a five-story apartment community with 80 studio, one and two-bedroom homes. Located in downtown Portland, it serves residents with income between 40% and 80% of the area median income.
managed by Homeforward
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Fountain Place Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,500 / year | $45,150 / year | $50,800 / year | $56,400 / year |
| 50% AMI for PBRA Units | $39,500 / year | $45,150 / year | $50,800 / year | $56,400 / year |
| 60% AMI for LIHTC Units | $47,400 / year | $54,180 / year | $60,960 / year | $67,680 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Fountain Place Apartments have a waiting list?
Fountain Place Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Fountain Place Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
In addition to Fountain Place Apartments, how many other affordable housing properties (and units) are there in Portland?
In addition to Fountain Place Apartments, we list 319 other affordable properties in Portland. Learn about these properties here. Our data research shows that there are a total of 21786 affordable units in Portland.
When was the Fountain Place Apartments listing last updated?
Fountain Place Apartments listing on Affordable Housing Online was last updated on 05/19/2022 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Monica Blackwell says:
"I love this website, it keeps me informed and makes it easy to find what I need. Thank you Affordable Housing Online!"