Palisade Park Apartments

470 E 100 S, Ephraim, Utah 84627

Palisade Park Apartments, located at 470 E 100 S in Ephraim, has two, three and four bedroom apartments. Palisade Park Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Units

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) 880 Call for Price
3 Bedroom (3/2) 1050 Call for Price
3 Bedroom (3/2) 1200 Call for Price
4 Bedroom (4/1) 1350 Call for Price

Palisade Park Apartments Details

  • 36 two, three and four bedroom units.
  • $20.00 application fee
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Energy Star Appliances
  • On-site social services
  • Off Street Parking
  • On-Site Maintenance
  • Computer Room
  • Laundry Facility
  • Wheel Chair Accessible

Unit Amenities

  • Central Air
  • Washer/Dryer Hookup
  • Cable Ready
  • Spacious Closets
  • Window Coverings
  • Carpet
  • Energy Saving Windows
  • Central Heat & Air
  • Fully Equipped Kitchen
  • Private Patio/Balcony

Office Hours

Day Hours
Monday 9:00am-2:00pm
Tuesday 9:00am-2:00pm
Wednesday 9:00am-2:00pm
Thursday 9:00am-2:00pm
Friday 9:00am-2:00pm

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.

Ephraim 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 Ephraim but actual income limits may differ for units at Palisade Park Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $24,100 $27,550 $31,000 $34,400 $37,200 $39,950 $42,700 $45,450
Low Income (60%) $28,920 $33,060 $37,200 $41,280 $44,640 $47,940 $51,240 $54,540

Palisade Park 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.