500 NW Division St, Gresham, OR 97030
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 646 - 729 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.
Welcome to East Fair Terrace Apartments in Gresham, Oregon. They offer affordable one and two bedroom apartments for seniors 62+ and disabled residents looking to be part of an active community right next to Gresham Town Fair shopping center! Residents enjoy excellent access to public transportation, some paid utilities and fully equipped kitchens with large pantries. Rent is based on income.
Their waitlist is closed, and we will not be able to give anyone an application. It will be closed for at least the next year.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests East Fair Terrace does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 646ft2 | Call for Price† |
| 2 Bedroom (2/1) | 729ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $23,700 / year | $27,100 / year | $30,500 / year | $33,850 / year |
| 50% AMI for LIHTC Units | $39,500 / year | $45,150 / year | $50,800 / year | $56,400 / year |
| 50% AMI for PBRA Units | $39,500 / year | $45,150 / year | $50,800 / year | $56,400 / year |
| 60% AMI for LIHTC Units | $47,400 / year | $54,180 / year | $60,960 / year | $67,680 / year |
| 80% AMI for PBRA Units | $63,150 / year | $72,200 / year | $81,200 / year | $90,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does East Fair Terrace have a waiting list?
East Fair Terrace 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 East Fair Terrace?
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 East Fair Terrace?
East Fair Terrace is managed by Guardian Real Estate Services headquartered in Portland, Oregon.
In addition to East Fair Terrace, how many other affordable housing properties (and units) are there in Gresham?
In addition to East Fair Terrace, we list 20 other affordable properties in Gresham. Learn about these properties here. Our data research shows that there are a total of 1292 affordable units in Gresham.
When was the East Fair Terrace listing last updated?
East Fair Terrace listing on Affordable Housing Online was last updated on 08/29/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Luann McCarthy says:
"There are many apartments to view on Affordable Housing Online."