An affordable housing solution for seniors 62+!
333 Oak Apartments is an historic building designed especially for seniors 62+. In a convenient Downtown Portland location, 333 Oak Apartments offers spacious studio and one bedroom apartments.
|Studio (Studio/1)||340||From $450|
|One Bed One Bath (1/1)||450||From $600|
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 Portland but actual income limits may differ for units at 33 Oak Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$33,850||$38,700||$43,550||$48,350||$52,250||$56,100||$60,000||$63,850|
|Low Income (60%)||$40,620||$46,440||$52,260||$58,020||$62,700||$67,320||$72,000||$76,620|
33 Oak Apartments is managed by Cascade Management, Inc.