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Fir Terrace Apartments

2610 Mill Bay Rd, Kodiak, Alaska 99615

Come visit the Fir Terrace Apartments located on beautiful Kodiak Island. This property is ideally located across from Safeway and Walmart and just down the street from Kodiak Community College.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price

Fir Terrace Apartments Details

  • 60 one and two bedroom units.
  • Project-Based Rental Assistance

Property Amenities

  • On-site Laundry

Unit Amenities

  • Dishwasher
  • Spacious floor plans

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Section 538 Guaranteed Rural Rental Housing

Section 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Fir Terrace Apartments is managed by Quantum Management Services.

Image of Fir Terrace Apartments
Image of Fir Terrace Apartments
Image of Fir Terrace Apartments