About This Property
Ikoi-So Terrace comprises 35 two-bedroom units designated for low-income elderly residents in Milwaukie, Oregon. The property has been in service since 2015 and receives funding through HOME and 9% Low-Income Housing Tax Credits. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Clackamas 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 | $1,650 |
| 1 Bedroom | $1,776 |
| 2 Bedroom | $2,024 |
| 3 Bedroom | $2,809 |
| 4 Bedroom | $3,254 |
Income Limits - Clackamas County, OR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,300
- Very Low (50%)
- $33,850
- Low (80%)
- $54,150
- Extremely Low (30%)
- $23,200
- Very Low (50%)
- $38,700
- Low (80%)
- $61,900
- Extremely Low (30%)
- $26,100
- Very Low (50%)
- $43,550
- Low (80%)
- $69,650
- Extremely Low (30%)
- $29,000
- Very Low (50%)
- $48,350
- Low (80%)
- $77,350
- Extremely Low (30%)
- $31,350
- Very Low (50%)
- $52,250
- Low (80%)
- $83,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $56,100
- Low (80%)
- $89,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $60,000
- Low (80%)
- $95,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,850
- Low (80%)
- $102,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,300 | $33,850 | $54,150 |
| 2 Persons | $23,200 | $38,700 | $61,900 |
| 3 Persons | $26,100 | $43,550 | $69,650 |
| 4 Persons | $29,000 | $48,350 | $77,350 |
| 5 Persons | $31,350 | $52,250 | $83,550 |
| 6 Persons | $35,580 | $56,100 | $89,750 |
| 7 Persons | $40,120 | $60,000 | $95,950 |
| 8 Persons | $44,660 | $63,850 | $102,150 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Milwaukie, OR?+
The Fair Market Rent (FMR) for Clackamas County, OR is: $1650 (Studio), $1776 (1BR), $2024 (2BR), $2809 (3BR), $3254 (4BR). Actual rent at subsidized properties like Ikoi-So Terrace is typically 30% of household income or less.
What size apartments are available at Ikoi-So Terrace?+
Ikoi-So Terrace offers the following unit types: 35 Two-Bedroom units, for a total of 35 units.
What is the price range for apartments in Milwaukie, OR?+
Based on Fair Market Rent for Clackamas County, the estimated price range is: 2-bedroom: $2024. Actual rent at Ikoi-So Terrace may be lower for income-eligible households.
How do I apply for housing at Ikoi-So Terrace?+
Ikoi-So Terrace 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.
What are the income limits for affordable housing in Clackamas County, OR?+
For a 4-person household in Clackamas County, OR, the income limits are: Extremely Low Income (30% AMI): $29,000, Very Low Income (50% AMI): $48,350, Low Income (80% AMI): $77,350. These limits are set by HUD and updated annually.
Who manages Ikoi-So Terrace?+
Ikoi-So Terrace is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Ikoi-So Terrace?+
Ikoi-So Terrace primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Ikoi-So Terrace
Lake Crest Apts
Milwaukie, OR
229 Units
Hillside Park
Milwaukie, OR
1 Units
Clackamas County Ha
Gladstone, OR
2 UnitsWillamalane - Oregon 1
Milwaukie, OR
52 UnitsFox Pointe Apts
Milwaukie, OR
96 Units
Clackamas County Ha
Milwaukie, OR
1 Units