ACTION ALERT: Current tax reform proposal will hurt low-income renters. Contact your Congresspersons here now and tell them to protect affordable housing.

Call (866)-933-2293 ext. 923#

Message Shorewood Apartments

Units

Unit (Bd/Ba)Ft2Rent
One Bedroom (1/1)1Br./1Ba.622Call for PriceMessage
Two Bedroom (2/1)2Br./1Ba.805Call for PriceMessage
Three Bedroom (3/1)3Br./1Ba.962Call for PriceMessage

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.


Shorewood Apartments is a 34 unit affordable housing community in Cannon Beach, Oregon. The community is located in the 1st Congressional District of Oregon.

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

Low Income Housing Tax Credit

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area's LIHTC limits.

Rural Development Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 515 properties, insures 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.

Project Based Rental Assistance
Accepts Housing Choice Vouchers

Cannon Beach HUD Rental Assistance Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30%$12,550$16,240$20,420$24,600$28,780$32,960$37,050$39,450
50%$20,900$23,900$26,900$29,850$32,250$34,650$37,050$39,450
80%$33,450$38,200$43,000$47,750$51,600$55,400$59,250$63,050

Cannon Beach Low Income Housing Tax Credit Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50%$20,900$23,900$26,900$29,850$32,250$34,650$37,050$39,450
60%$25,080$28,680$32,280$35,820$38,700$41,580$44,460$47,340

Shorewood Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD's Project Based Section 8 program. 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 Project Based Section 8 Program 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 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.

Managed By Guardian Real Estate Services
Image of Shorewood Apartments
Image of Shorewood Apartments
Image of Shorewood Apartments

Call (866)-933-2293 ext. 923#

Message Shorewood Apartments