750 SE 6th St, Hermiston, OR 97838
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2023 by Cascade Management, Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $810 - 897 per Month† | 1 - 2 Beds | 1 Bath | 533 - 720 Sq Ft |
Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.
An affordable housing solution!
Cottonwood II features spacious one and two bedroom apartments for seniors 65+ or persons with disabilities. Our twenty-four apartment community is close to restaurants, shopping and banking. Cottonwood II offers peace of mind with a secure main entry and resident controlled building access.
Come in and take a tour today. We would love to show you around, so you can see for yourself why Cottonwood II is the affordable solution for your quality of life.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Cottonwood II has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 533ft2 | $810† |
| 2 Bedroom (2/1) | 720ft2 | $897† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $16,350 / year | $19,720 / year | $24,860 / year | $30,000 / year |
| 50% AMI for LIHTC Units | $27,200 / year | $31,050 / year | $34,950 / year | $38,800 / year |
| 50% AMI for PBRA Units | $27,200 / year | $31,050 / year | $34,950 / year | $38,800 / year |
| 60% AMI for LIHTC Units | $32,640 / year | $37,260 / year | $41,940 / year | $46,560 / year |
| 80% AMI for PBRA Units | $43,500 / year | $49,700 / year | $55,900 / year | $62,100 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cottonwood II have a waiting list?
Cottonwood II probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Cottonwood II?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Cottonwood II?
Cottonwood II is managed by Cascade Management, Inc headquartered in Portland, Oregon.
In addition to Cottonwood II, how many other affordable housing properties (and units) are there in Hermiston?
In addition to Cottonwood II, we list 16 other affordable properties in Hermiston. Learn about these properties here. Our data research shows that there are a total of 634 affordable units in Hermiston.
When was the Cottonwood II listing last updated?
Cottonwood II listing on Affordable Housing Online was last updated on 01/03/2023 by Cascade Management. Remember, a property's status can change so you should contact the property to confirm.
215 NW 11th St, Hermiston, Oregon 97838
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