Cascadian Terrace

5700 N Kerby, Portland, Oregon 97217

Cascadian Terrace, located at 5700 N Kerby in Portland, has studio and one bedroom apartments. Cascadian Terrace participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Waiting List is Closed

Last updated on September 11th, 2018

Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) 350 Call for Price
1 Bedroom (1/1) 468-620 Call for Price

Cascadian Terrace Details

  • 103 studio and one bedroom units.
  • Water and Sewer utilities included in rent
  • Electricity utility included in rent
  • Heat utility included in rent
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Elevator
  • Community Room
  • Gated Community
  • On-Site Management
  • Resident Service Coordinator
  • Outings, events, & activities
  • On-Site Maintenance
  • Community Garden
  • Laundry Facilities

Unit Amenities

  • Handicapped Accessible
  • Utilities Included
  • Carpet
  • Intercom System
  • vertical blinds
  • Fully Equipped Kitchen

Nearby Amenities

  • Close to Public Transportation

Office Hours

Day Hours
Monday 8:00am-4:30pm
Tuesday 8:00am-4:30pm
Wednesday 8:00am-4:30pm
Thursday 8:00am-4:30pm
Friday 8:00am-4:30pm

About Cascadian Terrace

Cascadian Terrace is situated in the middle of a quaint North Portland neighborhood, one block north of Killingsworth Street, with convenient access to I-5 and Portland's wonderful public transportation system. Live within walking distance to Peninsula Park, the community library, cafes and restaurants! Our gated community features mature landscaping, including a golden plum tree and community garden. Residents enjoy gathering in our community room to play pool, shuffleboard, or to visit with neighbors over a cup of coffee. Cascadian Terrace is a non-smoking community. Income restrictions apply. Please stop by for a tour, income restrictions may apply.

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.

Portland Low-Income Housing Tax Credit Income Limits

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 Cascadian Terrace.

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

Cascadian Terrace 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.

Cascadian Terrace is managed by Guardian Real Estate Services.

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Image of Cascadian Terrace
Image of Cascadian Terrace
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