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Lake Empire Apartments

1660 Newmark Ave, Coos Bay, Oregon 97420

Lake Empire Apartments are located in Coos Bay, Oregon, just a stone's throw away from all the great outdoor activities the Pacific Northwest has to offer. Beaches, hiking trails, sand dunes, campgrounds, and rivers are some nearby places to explore in this charming coastal community. Lake Empire Apartments is a 28-unit complex consisting of 18 two-bedroom units and 10 three-bedroom income-based units with plenty of storage and onsite laundry facilities. 

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Last updated on December 14th, 2018

Units

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) - Income Based
3 Bedroom (3/1) - Income Based

Lake Empire Apartments Details

  • 28 two and three bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Off-Street Parking
  • On-Site Management
  • On-Site Maintenance
  • Courtyard
  • On-site Laundry

Unit Amenities

  • Cable Ready
  • Carpet
  • Patio, Deck Or Balcony
  • Refrigerator
  • Oven and Range

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

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.

Coos Bay 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 Coos Bay but actual income limits may differ for units at Lake Empire Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,900 $17,240 $21,720 $26,200 $30,680 $35,160 $38,100 $40,550
50% $21,500 $24,600 $27,650 $30,700 $33,200 $35,650 $38,100 $40,550
80% $34,400 $39,300 $44,200 $49,100 $53,050 $57,000 $60,900 $64,850

Coos Bay 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 Coos Bay but actual income limits may differ for units at Lake Empire Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $21,500 $24,600 $27,650 $30,700 $33,200 $35,650 $38,100 $40,550
Low Income (60%) $25,800 $29,520 $33,180 $36,840 $39,840 $42,780 $45,720 $48,660

Lake Empire Apartments is managed by Northwest Real Estate Capital Corp..

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