Laurawood Arms

131 Shady Ln, Soldotna, Alaska 99669

Come visit the Laurawood Arms Apartments located in beautiful Soldotna, Alaska, close to the world famous Kenai River!

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Units

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

Laurawood Arms Details

  • 23 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 521 USDA Rental Assistance
  • Section 538 Guaranteed Rural Rental Housing

Property Amenities

  • On-Site Parking

Unit Amenities

  • Newly Remodeled Kitchens

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.

Laurawood Arms is managed by Quantum Management Services.

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Nearby Low Income Apartment Communities

Northwood Retirement Apartments

190 W Park Ave
Soldotna, Alaska
Call For Rent
1 BR