Make Park Terrace Apartments your new home today! These apartments offer charm and character that will leave you with a smile every time you walk through the door. They offer 1 bedroom apartments with spacious floor plans.
Park Terrace Apartments are perfect for singles, families, and/or persons with disabilities. Located just minutes from grocery stores, restaurants and the bus line. Come in and see our professional management team today. They would love to show you around, so you can see for yourself why Park Terrace Apartments is the affordable solution for high quality living in Portland.
|One Bed One Bath (1/1)||-||Call for Price|
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.
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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 Park Terrace 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|
Park Terrace Apartments is managed by Cascade Management, Inc.