Riverside II

1575 Hawthorne Avenue, Reedsport, Oregon 97467

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Riverside II Details

  • 8 units.

Reedsport HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Reedsport but actual income limits may differ for units at Riverside II.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,550 $16,910 $21,330 $25,750 $30,170 $34,590 $37,000 $39,350
50% $20,900 $23,850 $26,850 $29,800 $32,200 $34,600 $37,000 $39,350
80% $33,400 $38,200 $42,950 $47,700 $51,550 $55,350 $59,150 $63,000

Reedsport 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 Reedsport but actual income limits may differ for units at Riverside II.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $20,900 $23,850 $26,850 $29,800 $32,200 $34,600 $37,000 $39,350
Low Income (60%) $25,080 $28,620 $32,220 $35,760 $38,640 $41,520 $44,400 $47,220

These general income qualifications for Reedsport, Oregon should only be used as a basic guide. To find out if you qualify, contact the community directly.

Riverside II was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Riverside II has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

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.

Riverside II is managed by Northwest Real Estate Capital Corp..

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