About This Property
Lancaster Bridge Apartments offers 50 units of affordable housing in Corvallis, Oregon, with 49 units designated for low-income residents. The property includes 15 two-bedroom, 31 three-bedroom, and 4 four-bedroom units that serve families, individuals with disabilities, and those experiencing homelessness. Placed in service in 2013 and owned by a nonprofit organization, the community receives funding through HOME and CDBG programs.
Property Details
Fair Market Rent - Benton County, OR
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,192 |
| 1 Bedroom | $1,236 |
| 2 Bedroom | $1,570 |
| 3 Bedroom | $2,212 |
| 4 Bedroom | $2,495 |
Income Limits - Benton County, OR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,850
- Very Low (50%)
- $29,750
- Low (80%)
- $47,600
- Extremely Low (30%)
- $20,400
- Very Low (50%)
- $34,000
- Low (80%)
- $54,400
- Extremely Low (30%)
- $22,950
- Very Low (50%)
- $38,250
- Low (80%)
- $61,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,500
- Low (80%)
- $68,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,900
- Low (80%)
- $73,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,300
- Low (80%)
- $78,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,700
- Low (80%)
- $84,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,100
- Low (80%)
- $89,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,850 | $29,750 | $47,600 |
| 2 Persons | $20,400 | $34,000 | $54,400 |
| 3 Persons | $22,950 | $38,250 | $61,200 |
| 4 Persons | $26,500 | $42,500 | $68,000 |
| 5 Persons | $31,040 | $45,900 | $73,450 |
| 6 Persons | $35,580 | $49,300 | $78,900 |
| 7 Persons | $40,120 | $52,700 | $84,350 |
| 8 Persons | $44,660 | $56,100 | $89,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Corvallis, OR?+
The Fair Market Rent (FMR) for Benton County, OR is: $1192 (Studio), $1236 (1BR), $1570 (2BR), $2212 (3BR), $2495 (4BR). Actual rent at subsidized properties like Lancaster Bridge Apts is typically 30% of household income or less.
What size apartments are available at Lancaster Bridge Apts?+
Lancaster Bridge Apts offers the following unit types: 15 Two-Bedroom, 31 Three-Bedroom, 4 Four-Bedroom units, for a total of 50 units.
What is the price range for apartments in Corvallis, OR?+
Based on Fair Market Rent for Benton County, the estimated price range is: 2-bedroom: $1570, 3-bedroom: $2212. Actual rent at Lancaster Bridge Apts may be lower for income-eligible households.
Who manages Lancaster Bridge Apts?+
Lancaster Bridge Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Lancaster Bridge Apts?+
Lancaster Bridge Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who is eligible to live at Lancaster Bridge Apts?+
Lancaster Bridge Apts primarily serves families, persons with disabilities, formerly homeless individuals, OTHER POPULATION. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Benton County, OR?+
For a 4-person household in Benton County, OR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,500, Low Income (80% AMI): $68,000. These limits are set by HUD and updated annually.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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