About This Property
Elk Creek Terrace Apts is a 36-unit affordable housing community in Cannon Beach, OR that serves families with low incomes. The property offers a mix of one, two, and three-bedroom units, with 24 two-bedroom, 8 three-bedroom, and 4 one-bedroom apartments available. Placed in service in 1994 and financed through HOME funding with 9% LIHTC credits, the community is owned and operated by a non-profit organization.
Property Details
Fair Market Rent - Clatsop 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 | $950 |
| 1 Bedroom | $1,001 |
| 2 Bedroom | $1,274 |
| 3 Bedroom | $1,714 |
| 4 Bedroom | $2,162 |
Income Limits - Clatsop County, OR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,300
- Very Low (50%)
- $25,550
- Low (80%)
- $40,850
- Extremely Low (30%)
- $17,500
- Very Low (50%)
- $29,200
- Low (80%)
- $46,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,850
- Low (80%)
- $52,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,450
- Low (80%)
- $58,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,400
- Low (80%)
- $63,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,300
- Low (80%)
- $67,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,200
- Low (80%)
- $72,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,150
- Low (80%)
- $77,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,300 | $25,550 | $40,850 |
| 2 Persons | $17,500 | $29,200 | $46,650 |
| 3 Persons | $21,960 | $32,850 | $52,500 |
| 4 Persons | $26,500 | $36,450 | $58,300 |
| 5 Persons | $31,040 | $39,400 | $63,000 |
| 6 Persons | $35,580 | $42,300 | $67,650 |
| 7 Persons | $40,120 | $45,200 | $72,300 |
| 8 Persons | $44,660 | $48,150 | $77,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cannon Beach, OR?+
The Fair Market Rent (FMR) for Clatsop County, OR is: $950 (Studio), $1001 (1BR), $1274 (2BR), $1714 (3BR), $2162 (4BR). Actual rent at subsidized properties like Elk Creek Terrace Apts is typically 30% of household income or less.
What size apartments are available at Elk Creek Terrace Apts?+
Elk Creek Terrace Apts offers the following unit types: 4 One-Bedroom, 24 Two-Bedroom, 8 Three-Bedroom units, for a total of 36 units.
What are the income limits for affordable housing in Clatsop County, OR?+
For a 4-person household in Clatsop County, OR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,450, Low Income (80% AMI): $58,300. These limits are set by HUD and updated annually.
Who manages Elk Creek Terrace Apts?+
Elk Creek Terrace Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Elk Creek Terrace Apts?+
Elk Creek Terrace Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Elk Creek Terrace Apts?+
Elk Creek Terrace 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.
What is the price range for apartments in Cannon Beach, OR?+
Based on Fair Market Rent for Clatsop County, the estimated price range is: 1-bedroom: $1001, 2-bedroom: $1274, 3-bedroom: $1714. Actual rent at Elk Creek Terrace Apts may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent