Equinox Apartments offers studio, 1, and 2 bedroom apartments offering affordable rent which includes water, sewer, garbage and recycling for those that income qualify. Designed with many sustainable features, these beautiful apartments include on-site laundry facilities, a BBQ area, resident community room, gorgeous landscaping, covered bicycle parking, an underground parking garage, private decks and individual storage units. Equinox Apartments is conveniently located in the Westside neighborhood in Missoula, Montana, at the corner of Broadway and Russell, only 1.5 miles to downtown and major shopping areas, grocery and convenience stores, St. Patrick Hospital, Western Montana Clinic, pharmacies, banks and the post office. Hellgate Elementary and Big Sky High School are also less than 4 miles away.
|studio (Studio/1)||510||Call for Price|
|1 Bedroom (1/1)||652||Call for Price|
|2 Bedroom (2/1)||702||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.
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Missoula but actual income limits may differ for units at Equinox Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$26,350||$30,100||$33,850||$37,600||$40,650||$43,650||$46,650||$49,650|
|Low Income (60%)||$31,620||$36,120||$40,620||$45,120||$48,780||$52,380||$55,980||$59,580|
Equinox Apartments is managed by Tamarack Property Management Co. .