180 Fenton Ave, Molalla, OR 97038
Waiting List Forecast: Likely Short or None
Verified for 2022 by Cascade Management, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $653 - 844 per Month† | 1 - 3 Beds | 1 - 2 Baths | 680 - 1,135 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.
An affordable housing solution renovated and remodeled in 2017!
Molalla Gardens features spacious one, two and three bedroom apartments in a beautiful country setting. With restaurants, shopping and banking conveniently nearby, Molalla Gardens is a great place to call home.
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.
Because Molalla Gardens participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, 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) | 680ft2 | $844† |
| 2 Bedroom (2/1) | 816ft2 | $653† |
| 3 Bedroom Townhomes (3/2) | 1135ft2 | $654 $701† |
| 3 Bedroom Flat (3/1) | 950ft2 | $740† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,500 / year | $45,150 / year | $50,800 / year | $56,400 / year | $60,950 / year | $65,450 / year |
| 50% AMI for PBRA Units | $39,500 / year | $45,150 / year | $50,800 / year | $56,400 / year | $60,950 / year | $65,450 / year |
| 60% AMI for LIHTC Units | $47,400 / year | $54,180 / year | $60,960 / year | $67,680 / year | $73,140 / year | $78,540 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Molalla Gardens have a waiting list?
Molalla Gardens 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 Molalla Gardens?
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 Molalla Gardens?
Molalla Gardens is managed by Cascade Management, Inc headquartered in Portland, Oregon.
In addition to Molalla Gardens, how many other affordable housing properties (and units) are there in Molalla?
In addition to Molalla Gardens, we list 8 other affordable properties in Molalla. Learn about these properties here. Our data research shows that there are a total of 123 affordable units in Molalla.
511 Ridings Ave, Molalla, Oregon 97038
112 Frances St Unit 112 Frances St., Molalla, Oregon 97038
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