Putnam Pointe

750 NW Lava Rd, Bend, Oregon 97701

Putnam Pointe, located at 750 NW Lava Rd in Bend, has one and two bedroom apartments. Putnam Pointe participates in the Low-Income Housing Tax Credit (LIHTC) program.

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 698 $492
2 Bedroom (2/2) 1,050 Call for Price

Putnam Pointe Details

  • 33 one and two bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Community Room
  • 24hr Emergency Maintenance
  • Online Payments Accepted
  • Utility Allowance

Unit Amenities

  • Ceiling Fan(s)
  • Handicapped Accessible
  • Dishwasher
  • Walk-in Closet(s)
  • Fully Equipped Kitchen
  • Washer/ Dryer
  • Private Patios

Nearby Amenities

  • Close to Public Transportation

About Putnam Pointe

Find your home right in the heart of Bend at Putnam Pointe! These beautiful, modern homes are moments away from Bend's vibrant downtown and it's many amenities.

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.

Bend 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 Bend but actual income limits may differ for units at Putnam Pointe.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $26,800 $30,600 $34,450 $38,250 $41,350 $44,400 $47,450 $50,500
Low Income (60%) $32,160 $36,720 $41,340 $45,900 $49,620 $53,280 $56,940 $60,600

Putnam Pointe was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Putnam Pointe is managed by Epic Property Management.

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