Fisterra Gardens Townhome Apartments

100 Diversity Drive NE, Yachats, Oregon 97498

Fisterra Gardens Townhome Apartments, located at 100 Diversity Drive NE in Yachats, has studio, one, two and three bedroom apartments. Fisterra Gardens Townhome Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) - Call for Price
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price
3 Bedroom (3/1) - Call for Price

Fisterra Gardens Townhome Apartments Details

  • 25 studio, one, two and three bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Garage
  • On-Site Management
  • Community Garden
  • Convenient Location

Unit Amenities

  • Dishwasher
  • Garbage Disposal
  • Microwave
  • Cable Ready
  • Oven and Range
  • Water Trash and Sewer Included
  • Washer/ Dryer

About Fisterra Gardens Townhome Apartments

Fisterra Gardens will features spacious townhomes​ in a beautiful community setting. This wonderful community is on track for construction completion early winter 2019.

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.

Yachats 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 Yachats but actual income limits may differ for units at Fisterra Gardens Townhome Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $20,150 $23,000 $25,900 $28,750 $31,050 $33,350 $35,650 $37,950
Low Income (60%) $24,180 $27,600 $31,080 $34,500 $37,260 $40,020 $42,780 $45,540

Fisterra Gardens Townhome 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.

Fisterra Gardens Townhome Apartments is managed by Cascade Management, Inc.