116 NW 60th St / 448 SW Surf Ave, Newport, OR 97365
Waiting List Forecast: Likely Short or None
Verified for 2021 by Ben D. Layfield, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 Bath | 672 - 1,112 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.
Newport North and South Apartments features spacious 1, 2 & 3 bedroom aparment homes in the seaside city of Newport, Oregon. Your new home includes access to a spacious community lounge and a on-site business center. We are conveniently located near Agate Neighborhood Park and just a short drive to the Downtown Deco District & Nye Beach. Tour with our friendly leasing team today and see for yourself why Newport North and South Apartments is your best choice for comfortable and quality living. Income restrictions may apply.
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 Newport North and South Apartments 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 |
|---|---|---|
| One Bedroom One Bath (1/1) | 672ft2 | Call for Price† |
| Two Bedroom One Bath (2/1) | 892ft2 | Call for Price† |
| Three Bedroom One Bath (3/1) | 1112ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $26,600 / year | $30,400 / year | $34,200 / year | $38,000 / year | $41,050 / year | $44,100 / year |
| 50% AMI for PBRA Units | $26,600 / year | $30,400 / year | $34,200 / year | $38,000 / year | $41,050 / year | $44,100 / year |
| 60% AMI for LIHTC Units | $31,920 / year | $36,480 / year | $41,040 / year | $45,600 / year | $49,260 / year | $52,920 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Newport North and South Apartments have a waiting list?
Newport North and South Apartments 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 Newport North and South Apartments?
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 Newport North and South Apartments?
Newport North and South Apartments is managed by Guardian Real Estate Services headquartered in Portland, Oregon.
In addition to Newport North and South Apartments, how many other affordable housing properties (and units) are there in Newport?
In addition to Newport North and South Apartments, we list 7 other affordable properties in Newport. Learn about these properties here. Our data research shows that there are a total of 437 affordable units in Newport.
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Roxana Gonzales says:
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