The Jetty Apartments

426 SE Jetty Ave, Lincoln City, Oregon 97367

The Jetty Apartments, located at 426 SE Jetty Ave in Lincoln City, has one and two bedroom apartments. The Jetty Apartments participates in the Low-Income Housing Tax Credit (LIHTC), Section 515 Rural Rental Housing and Section 521 USDA Rental Assistance programs.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 646 Call for Price
2 Bedroom (2/1) 834 Call for Price

The Jetty Apartments Details

  • 34 one and two bedroom units.
  • Project-Based Rental Assistance

Property Amenities

  • Elevator
  • Community Room
  • 24hr Emergency Maintenance
  • On-Site Management
  • Emergency Pull Cord
  • Pet Friendly
  • On-site Laundry
  • Community Kitchen

Unit Amenities

  • Private Entrance
  • Bathroom Grab Bars
  • Fire Sprinklers and Monitored Alarms

Office Hours

Day Hours
Monday 9:00am-12:00pm
Tuesday 9:00am-12:00pm
Wednesday 9:00am-12:00pm
Thursday 9:00am-12:00pm
Friday 9:00am-12:00pm

About The Jetty Apartments

We are an established, affordable community for seniors and people with disabilities located in Lincoln City. Our community offers both 1 & 2 bedroom apartments, an elevator, fireplace and on-site laundry facilities. We are pet-friendly and feature a great outdoor gazebo as well as a community room perfect for any activity. Income restrictions may apply.

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Lincoln City 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 Lincoln City but actual income limits may differ for units at The Jetty Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,490 $16,910 $21,330 $25,750 $30,170 $33,350 $35,650 $37,950
50% $20,150 $23,000 $25,900 $28,750 $31,050 $33,350 $35,650 $37,950
80% $32,200 $36,800 $41,400 $46,000 $49,700 $53,400 $57,050 $60,750

Lincoln City Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Lincoln City but actual income limits may differ for units at The Jetty Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $20,150 $23,000 $25,900 $28,750 $31,050 $33,350 $35,650 $37,950
Low Income (60%) $24,180 $27,600 $31,080 $34,500 $37,260 $40,020 $42,780 $45,540

These general income qualifications for Lincoln City, Oregon should only be used as a basic guide. To find out if you qualify, contact the community directly.

The Jetty Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since The Jetty Apartments has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

The Jetty Apartments is managed by Guardian Real Estate Services.

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