About This Property
Lake Crest Apts offers 229 low-income units in Milwaukie, serving families with a mix of studio, one-, two-, and three-bedroom floor plans. The property has been in service since 2000 and is financed through tax-exempt bonds and FHA funding with 4% LIHTC credits. The community includes 30 studios, 59 one-bedroom, 120 two-bedroom, and 20 three-bedroom units.
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 Lake Crest Apts is typically 30% of household income or less.
What size apartments are available at Lake Crest Apts?+
Lake Crest Apts offers the following unit types: 30 Studio, 59 One-Bedroom, 120 Two-Bedroom, 20 Three-Bedroom units, for a total of 229 units.
Who manages Lake Crest Apts?+
Lake Crest Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Milwaukie, OR?+
Based on Fair Market Rent for Clackamas County, the estimated price range is: 1-bedroom: $1776, 2-bedroom: $2024, 3-bedroom: $2809. Actual rent at Lake Crest Apts may be lower for income-eligible households.
How do I apply for housing at Lake Crest Apts?+
Lake Crest 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 Lake Crest Apts?+
Lake Crest Apts primarily serves families. 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 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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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