100 SW Alexander Ave, Corvallis, OR 97333
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley, Ric Gresia, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $590 - 877 per Month† | 1 - 3 Beds | 1 - 1.5 Bath | 686 - 1,202 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
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.
Because Alexander Court participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 686ft2 | $590† |
| Two Bedroom (2/1.5) | 937ft2 | $737† |
| Three Bedroom (3/1.5) | 1202ft2 | $877† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $20,650 / year | $23,600 / year | $26,550 / year | $30,000 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $34,400 / year | $39,300 / year | $44,200 / year | $49,100 / year | $53,050 / year | $57,000 / year |
| 50% AMI for PBRA Units | $34,400 / year | $39,300 / year | $44,200 / year | $49,100 / year | $53,050 / year | $57,000 / year |
| 60% AMI for LIHTC Units | $41,280 / year | $47,160 / year | $53,040 / year | $58,920 / year | $63,660 / year | $68,400 / year |
| 80% AMI for PBRA Units | $55,000 / year | $62,850 / year | $70,700 / year | $78,550 / year | $84,850 / year | $91,150 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Alexander Court have a waiting list?
Alexander Court probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Alexander Court?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Alexander Court?
Alexander Court is managed by Cascade Management, Inc headquartered in Portland, Oregon.
In addition to Alexander Court, how many other affordable housing properties (and units) are there in Corvallis?
In addition to Alexander Court, we list 22 other affordable properties in Corvallis. Learn about these properties here. Our data research shows that there are a total of 503 affordable units in Corvallis.
When was the Alexander Court listing last updated?
Alexander Court listing on Affordable Housing Online was last updated on 01/02/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
2295 NE Conser St., Corvallis, Oregon 97330
150 SW Monroe Ave., Corvallis, Oregon 97333
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