72 Foster Apartments

5005 SE 72nd Ave, Portland, Oregon 97206

Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) - From $690 To $760
1 Bedroom (1/1) - From $800 To $850
2 Bedroom (2/1) - From $930 To $1,010
3 Bedroom (3/1) - From $1,050 To $1,175

Property Amenities

  • Community Room
  • On-Site Management
  • On-Site Parking
  • Energy Star Appliances
  • Resident lounges
  • On-Site Maintenance
  • Convenient Location

About 72 Foster Apartments

72 Foster Apartments offers affordable, intergenerational apartments located in Southeast Portland’s Foster-Powell neighborhood. 72 Foster has Studio, One Bedroom, Two Bedroom and Three Bedroom Apartments, On-Site Laundry, EnergyStar Appliances, and Expansive Windows and Natural Light.

 

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.

72 Foster Apartments is managed by REACH Commmunity Development .

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