Fairhaven Gardens Apartments, located at 3424 Fairhaven Ave NE in Salem, has studio, one, two and three bedroom apartments. Fairhaven Gardens Apartments participates in the Section 8 Project-Based Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.
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Fairhaven Gardens Apartments offers studio through 3 bedroom homes with all the comforts of home. The warm and inviting apartment community is nestled in a lovely community of Salem, OR where everything you love is just minutes away. They are conveniently close to Interstate 5, as well as schools, local shopping, fine dining, and entertainment.
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. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.
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.
Fairhaven Gardens Apartments is managed by Guardian Real Estate Services.