Belmont Dairy Apartments and Lofts, located at 3340 SE Morrison St in Portland, has studio and one bedroom apartments. Belmont Dairy Apartments and Lofts participates in the Low-Income Housing Tax Credit (LIHTC) program.
|Studio (Studio/1)||1,004||Call for Price|
|1 Bedroom (1/1)||1,004-1,386||From $1,995 To $2,295|
The historic Belmont Dairy building rests upon convenient urban retailers and is situated in the heart of the Belmont District and the Sunnyside Neighborhood. Belmont Dairy is close to over 40 restaurants and the expansive Laurelhurst Park, Belmont Dairy Apartments offers traditional floor plan styles, as well as lofts with soaring 22 foot ceilings with large skylights in the living areas. Converted from an old dairy facility, the lofts have ample storage and recent upgrades such as stainless steel appliances, hardwood flooring and new cabinetry throughout. Belmont Dairy is a 100% smoke-free building, we have a serene courtyard on the second floor, and we offer complimentary garage parking. We are also located on a major transit bus line and have great freeway access allowing you to reach the downtown area in a matter of minutes! Schedule a visit to come and experience our beautiful community today!
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 Belmont Dairy Apartments and Lofts.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$30,800||$35,200||$39,600||$43,950||$47,500||$51,000||$54,500||$58,050|
|Low Income (60%)||$36,960||$42,240||$47,520||$52,740||$57,000||$61,200||$65,400||$69,660|
Belmont Dairy Apartments and Lofts was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.
Belmont Dairy Apartments and Lofts is managed by Guardian Real Estate Services.