Caples Terrace

500 Omaha Way, Vancouver, WA 98661

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Joshua Cappell
Rent Beds Baths SqFt
Call for Rents Studio - 2 Beds 1 Bath 368 - 796 Sq Ft
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Caples Terrace is located in the Skyline Crest community. Skyline Crest is a diverse and supportive community housing families from all corners of the world. There are walking paths, lots of green space, a large playground with basketball hoops, and a community garden. Skyline is conveniently located within walking distance of grocery stores, medical facilities, local elementary and middle schools, and the bus lines, making other community resources easily reachable. They know you want to be healthy, get a good job, and stay connected to your community. They want that too and offer many programs to help.

Dave's Thoughts On Caples Terrace

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Caples Terrace does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Caples Terrace Amenities

  • Playground
  • Close to Public Transportation
  • Near Schools
  • Sports Courts
  • Community Garden
  • Close to Grocery Stores

Units at Caples Terrace

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) 368ft2 Rent is Based On Your Income
1 Bedroom (1/1) 468ft2 Rent is Based On Your Income
2 Bedroom (2/1) 796ft2 Rent is Based On Your Income

Income Qualification for Caples Terrace

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people
30% AMI for PBRA Units $23,700 / year $27,100 / year $30,500 / year $33,850 / year
50% AMI for LIHTC Units $39,500 / year $45,150 / year $50,800 / year $56,400 / year
50% AMI for PBRA Units $39,500 / year $45,150 / year $50,800 / year $56,400 / year
60% AMI for LIHTC Units $47,400 / year $54,180 / year $60,960 / year $67,680 / year
80% AMI for PBRA Units $63,150 / year $72,200 / year $81,200 / year $90,200 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Caples Terrace

Does Caples Terrace have a waiting list?

Caples Terrace probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Caples Terrace?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

In addition to Caples Terrace, how many other affordable housing properties (and units) are there in Vancouver?

In addition to Caples Terrace, we list 75 other affordable properties in Vancouver. Learn about these properties here. Our data research shows that there are a total of 5672 affordable units in Vancouver.

Listings Near Caples Terrace

Springfield Meadows

4305 NE 66th Ave, Vancouver, Washington 98661

bed Studio-4
payment $858-1377/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Steeple Chase Apartments

4617 St. Johns Road, Vancouver, Washington 98661

bed 1-4
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Isabella Court 2

3112 NE 62nd Ave, Vancouver, Washington 98661

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Lincoln Place

1351 W Lincoln St, Vancouver, Washington 98660

bed Studio
switch_access_shortcut Short Wait
accessibility Accessible

Central Park Place

1900 Fort Vancouver Way, Vancouver, Washington 98663

bed Studio
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Mews at Cascadia Village

9500 NE 73rd St, Vancouver, Washington 98662

switch_access_shortcut Short Wait
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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