Alexander Court

100 SW Alexander Ave, Corvallis, Oregon 97333

Alexander Court, located at 100 SW Alexander Ave in Corvallis, has one, two and three bedroom apartments. Alexander Court participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 686 $590
Two Bedroom (2/1.5) 937 $737
Three Bedroom (3/1.5) 1202 $877

Alexander Court Details

  • 73 one, two and three bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)
  • Accessible Units

Property Amenities

  • On-Site Management
  • Energy Star Appliances
  • Smoke Free

Unit Amenities

  • Dishwasher
  • Water Trash and Sewer Included
  • Washer/ Dryer

About Alexander Court

Alexander Court is a beautiful apartment complex located in south Corvallis that provides affordable apartments to qualified households earning 50% or below the area median income (AMI) in Benton County. This property is ideally located on a free public transportation bus route across from Lincoln School, near local businesses, and a family medical clinic.
This property has a limited number of apartment units set aside as a preference given to applicants who both income qualify and are survivors of Domestic Violence. Please contact property management for questions regarding the verification process.

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.

Corvallis 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 Corvallis but actual income limits may differ for units at Alexander Court.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person
Very Low Income (50%) $29,300 $33,500 $37,700 $41,850 $45,200 $48,550 $51,900
Low Income (60%) $35,160 $40,200 $45,240 $50,220 $54,240 $58,260 $62,280

Alexander Court 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.

Alexander Court is managed by Cascade Management, Inc.

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