Larson Commons is a 12-unit apartment complex in south Corvallis that provides affordable housing to qualified households earning 50% or below area median income (AMI) in Benton County. This property is ideally located set back off 3rd Street and ¼ mile from Lincoln School, a family medical clinic and within walking distance of a free public transportation bus route.
This property has a limited number of units set aside as a preference given to applicants who both income qualify and are referrals of Service Provider agencies that assist people who are homeless, or at risk of becoming homeless. Please contact property management for questions regarding the verification process.
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
Larson Commons is managed by Cascade Management, Inc.