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Phillips Apartments

1805 Phillips St, Missoula, Montana 59802

Phillips Street Apartments are located in the heart of Missoula, Montana near Broadway and Russell. This complex is only minutes from grocery stores, shops, banks, restaurants and many other Missoula amenities. This community consists of two non-smoking buildings with four units in each building including; laundry facilities, off-street parking, on-site recycling with new insulation and energy efficient windows.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 594 Call for Price

Phillips Apartments Details

  • 8 one bedroom units.
  • Water and Sewer utilities included in rent
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Property Amenities

  • Off-Street Parking
  • Experienced Management
  • Coin-Operated Laundry
  • Smoke Free

Unit Amenities

  • Refrigerator
  • Trash Included
  • Water Included
  • Blinds

Nearby Amenities

  • Close to Public Transportation
  • Close to Shopping
  • Near Park
  • Near Schools
  • Near Bank
  • Near Restaurants

Office Hours

Day Hours
Monday 11:00am-4:00pm
Tuesday 11:00am-4:00pm
Wednesday 11:00am-4:00pm
Thursday 11:00am-4:00pm
Friday 11:00am-4:00pm

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.

HOME Investment Partnerships Program

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.

Missoula Low-Income Housing Tax Credit Income Limits

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 Phillips 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

Phillips Apartments is managed by Tamarack Property Management Co. .

Image of Phillips Apartments
Image of Phillips Apartments

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