Walnut Court Apartments

842 NE 2nd St, Corvallis, Oregon 97330

Walnut Court offers 62+ senior living that feels like home! Located in Corvallis, Oregon, our beautiful community setting is just blocks away from the Willamette River and surrounded by restaurants and shopping.

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Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) - Call for Price
1 Bedroom (1/1) - Call for Price

Walnut Court Apartments Details

  • 24 0 and one bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Off-Street Parking
  • Laundry Facility

Unit Amenities

  • Garbage Disposal
  • Refrigerator

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. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $17,850 $20,400 $22,950 $26,500 $31,040 $35,580 $40,120 $44,660
50% $29,750 $34,000 $38,250 $42,500 $45,900 $49,300 $52,700 $56,100
80% $47,600 $54,400 $61,200 $68,000 $73,450 $78,900 $84,350 $89,800

Walnut Court Apartments is managed by Guardian Real Estate Services.

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