About This Property
Madras Estates comprises 23 one-bedroom units serving elderly residents in Madras, Oregon. The property has been in service since 1994 and is financed through 9% Low-Income Housing Tax Credits. All 23 units are designated as low-income housing.
Property Details
Fair Market Rent - Jefferson 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 | $741 |
| 1 Bedroom | $843 |
| 2 Bedroom | $1,093 |
| 3 Bedroom | $1,540 |
| 4 Bedroom | $1,757 |
Income Limits - Jefferson County, OR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,550
- Very Low (50%)
- $22,550
- Low (80%)
- $36,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,800
- Low (80%)
- $41,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,000
- Low (80%)
- $46,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,200
- Low (80%)
- $51,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,800
- Low (80%)
- $55,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,400
- Low (80%)
- $59,750
- Extremely Low (30%)
- $39,950
- Very Low (50%)
- $39,950
- Low (80%)
- $63,900
- Extremely Low (30%)
- $42,550
- Very Low (50%)
- $42,550
- Low (80%)
- $68,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,550 | $22,550 | $36,050 |
| 2 Persons | $17,420 | $25,800 | $41,200 |
| 3 Persons | $21,960 | $29,000 | $46,350 |
| 4 Persons | $26,500 | $32,200 | $51,500 |
| 5 Persons | $31,040 | $34,800 | $55,650 |
| 6 Persons | $35,580 | $37,400 | $59,750 |
| 7 Persons | $39,950 | $39,950 | $63,900 |
| 8 Persons | $42,550 | $42,550 | $68,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madras, OR?+
The Fair Market Rent (FMR) for Jefferson County, OR is: $741 (Studio), $843 (1BR), $1093 (2BR), $1540 (3BR), $1757 (4BR). Actual rent at subsidized properties like Madras Estates is typically 30% of household income or less.
What size apartments are available at Madras Estates?+
Madras Estates offers the following unit types: 23 One-Bedroom units, for a total of 23 units.
Who manages Madras Estates?+
Madras Estates is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Jefferson County, OR?+
For a 4-person household in Jefferson County, OR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,200, Low Income (80% AMI): $51,500. These limits are set by HUD and updated annually.
How do I apply for housing at Madras Estates?+
Madras Estates 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 Madras Estates?+
Madras Estates primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Madras, OR?+
Based on Fair Market Rent for Jefferson County, the estimated price range is: 1-bedroom: $843. Actual rent at Madras Estates may be lower for income-eligible households.
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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