Cascade Gardens Apartments is a single building three stories in height containing 42 one bedroom units. This LIHTC development is for Seniors 55 years and older. The building is located at 461 West 200 North Provo, Ut. The construction is anticipated to be completed near the end of August 2015. Common Area amenities include community room with full kitchen/serving area, main level outside courtyards, computer room, elevator, second story raised vegetable gardens, covered parking and onsite laundry facility. Unit amenities include individual balcony, storage area, complete kitchen (refrigerator, range, dishwasher and disposal) and Air Conditioning. Eight units are ADA accessible type-A units. Provo City Housing Authority is currently accepting applications.
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.
Cascade Gardens is managed by Provo City Housing Authority.