Center Village Apartments

5845 NE Hoyt St, Portland, Oregon 97213

Center Village Apartments, located at 5845 NE Hoyt St in Portland, has two, three and four bedroom apartments. Center Village Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

Units

Unit (Bd/Ba) Ft2 Rent
2 Bedrooms (2/1) - Call for Price
3 Bedrooms (3/1) - Call for Price
4 Bedrooms (4/2) - Call for Price

Center Village Apartments Details

  • 60 two, three and four bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Playground
  • Covered Parking
  • On-Site Management
  • Pet Friendly

Unit Amenities

  • Private Patio/Balcony

About Center Village Apartments

Center Village offers bright, open floor plans featuring two, three or four bedrooms. They areblocated in a pedestrian and public-transit-friendly neighborhood located in East Portland. And while their location is fantastic, the apartments are even better - you'll find thoughtful touches throughout, along with a private patio or balcony and covered parking. Grandma's Place daycare is located within the community where they offer a discounted rate on childcare to the valued residents!

Pet Policy
2 pets per unit must meet weight and breed restrictions

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 Center Village Apartments.

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

Center Village Apartments 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.

Center Village Apartments is managed by Security Properties Residential .

Image of Center Village Apartments

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