Orchards at Orenco Ill offers 33 two bedroom and 19 three bedroom apartments, and is the first affordable, family-sized apartment homes in the coveted Orenco Station neighborhood close to shopping, coffee shops, restaurants, and grocery stores.
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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.
Orchards at Orenco III Apartments is managed by REACH Commmunity Development .