Spruce Cape ll is now accepting applications for the new community being built on Sheratin Rd, Kodiak, Alaska. Offering two and three bedroom townhouse style apartments, units are available in both market and LIHTC rates. Preference will be given to homeless, veterans and disabled applicants. LIHTC units are subject to income restrictions and eligibility requirements.
First occupancy is anticipated in late fall 2020!
|Two Bedroom One Bath (2/1)||-||Call for Price|
|Three Bedroom One Bath (3/1)||-||Call for Price|
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.
Spruce Cape Homes ll is managed by Northstar Properties Inc.