Shorewood Apartments

1121 Spruce Court, Cannon Beach, Oregon 97110

Shorewood Apartments, located at 1121 Spruce Court in Cannon Beach, has one, two and three bedroom apartments. Shorewood Apartments participates in the Low-Income Housing Tax Credit (LIHTC) and Section 521 USDA Rental Assistance programs.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 622 Call for Price
Two Bedroom (2/1) 805 Call for Price
Three Bedroom (3/1) 962 Call for Price

Shorewood Apartments Details

  • 34 one, two and three bedroom units.
  • Project-Based Rental Assistance

Property Amenities

  • Playground
  • Laundry Room
  • 24hr Emergency Maintenance
  • Off-Street Parking

Unit Amenities

  • Cable Ready
  • Window Coverings
  • Patio, Deck Or Balcony

Nearby Amenities

  • Close to Dining
  • Close to Public Transportation
  • Close to Shopping
  • Near Park
  • Near Schools

About Shorewood Apartments

Shorewood Apartments include 17 cedar-sided duplexes and is located a couple blocks from the beach. Our amenities include patios/balconies, a laundry room, playground and 24 hour emergency maintenance. The rental rates posted are basic rates, please call our site manager for more details.

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.

Cannon Beach HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Cannon Beach but actual income limits may differ for units at Shorewood Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $13,600 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,750
50% $22,650 $25,900 $29,150 $32,350 $34,950 $37,550 $40,150 $42,750
80% $36,250 $41,400 $46,600 $51,750 $55,900 $60,050 $64,200 $68,350

Cannon Beach 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 Cannon Beach but actual income limits may differ for units at Shorewood Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $22,650 $25,900 $29,150 $32,350 $34,950 $37,550 $40,150 $42,750
Low Income (60%) $27,180 $31,080 $34,980 $38,820 $41,940 $45,060 $48,180 $51,300

These general income qualifications for Cannon Beach, Oregon should only be used as a basic guide. To find out if you qualify, contact the community directly.

Shorewood Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Shorewood Apartments has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

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.

Shorewood Apartments is managed by Guardian Real Estate Services.

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Image of Shorewood Apartments
Image of Shorewood Apartments