Lents 2000 cif was developed and operates with Federal housing financing.
The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.
Low Income Housing Tax Credit
The property was developed using the Low Income Housing Tax Credit Program.
This program incentivizes investors to inject capital into rental apartments for lower income Americans.
The property received a tax credit allocation in 2001 for $391,259 with a 10 year value of $3,912,590.
The property was placed in service in 2003.
36 of 36
units at Lents 2000 cif are low income and subject to the tax credit program.
The property, at the time of the tax credit allocation,
was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.
Lents 2000 cif is an affordable apartment community located in Portland, Oregon
which is located in Multnomah County.
The property is located in Oregon's 3rd Congressional
District served by Representative Earl Blumenauer (D),
Senator Ron Wyden (D) and Senator Jeff Merkley (D).
Lents 2000 cif is an apartment community containing 36 rental units.
This property serves all family types. The property contains 78 bedrooms and based on typical apartment occupancy limits, Lents 2000 cif
is home to not more than 153† persons when fully occupied.
This property does not provide any Federal rent subsidies to renters
reducing total tenant payments to 30% of their adjusted income. Renters are required to
pay the full rent, even if it is in excess of 30% of their income. In some cases the
property may accept Section 8 Housing Choice vouchers.
Lents 2000 cif contains a mix of 36 assisted
one, two, and three bedroom apartments for rent. There are 5 One Bedroom, 20 Two Bedroom, and 11 Three Bedroom apartments in this property. The unit mix is 14% One Bedroom, 56% Two Bedroom, and 31% Three Bedroom apartment rentals. The average bedroom size for Lents 2000 cif is 2.17.