Fountain Square Apartments Oregon

About This Building

Title: Affordable Apartments at Fountain Square in Oregon Introduction: Fountain Square Apartments Oregon offers affordable housing options through the Low-Income Housing Tax Credit (LIHTC) program. These rental apartments come with income and rent restrictions determined by the Area Median Income (AMI). 1. LIHTC: Supporting Affordable Housing - The LIHTC program incentivizes builders and developers to provide affordable housing for low-income individuals. - It ensures the maximum rent charged is based on the AMI, making housing more accessible. 2. Rental Rates and Affordability - Due to the AMI factor, affordability may vary for low-income individuals. - It is recommended to check the current rental rates to determine if it fits within your budget. 3. Availability of Low-Income Apartments - Fountain Square Apartments features 112 low-income units. - Given the increasing demand for affordable housing, waiting lists for these apartments are common. 4. Applying for Fountain Square Apartments - To apply and see if you qualify to live in these apartments, please contact them directly at the provided number. - It is important to note that income verification for all adults residing in the apartment is required at the time of application. Conclusion: Fountain Square Apartments in Oregon provides an opportunity for individuals seeking affordable housing through the LIHTC program. With specific income and rent restrictions, these apartments aim to support low-income residents in accessing suitable accommodations.