Salmon Run is a 40-unit complex, some with ocean views, located in a wooded area approximately 4 miles north of Newport (above Shore Pine Hills). The Housing Authority owns and manages this complex of two (2) and three (3) bedroom units. Two units at the complex have disability features. The rents for all units have been reduced through financial subsidies and are set at a lower than market rent level to maintain affordability.
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.
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 Newport but actual income limits may differ for units at Salmon Run.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$22,550||$25,800||$29,000||$32,200||$34,800||$37,400||$39,950||$42,550|
|Low Income (60%)||$27,060||$30,960||$34,800||$38,640||$41,760||$44,880||$47,940||$51,060|
Salmon Run is managed by Housing Authority of Lincoln County.