About This Property
Riverside Apartments + Chennai Landing offers 65 units in Madras, Oregon, with 64 designated as low-income housing serving elderly residents. The property features a mix of unit sizes including 32 one-bedroom, 14 two-bedroom, 18 three-bedroom, and 1 four-bedroom apartments. Placed in service in 2016, the community is funded through tax-exempt bonds and utilizes 4% Low-Income Housing Tax Credits.
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 |
Advertisement
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 Riverside Apartments + Chennai Landing is typically 30% of household income or less.
What size apartments are available at Riverside Apartments + Chennai Landing?+
Riverside Apartments + Chennai Landing offers the following unit types: 32 One-Bedroom, 14 Two-Bedroom, 18 Three-Bedroom, 1 Four-Bedroom units, for a total of 65 units.
Who is eligible to live at Riverside Apartments + Chennai Landing?+
Riverside Apartments + Chennai Landing primarily serves elderly residents. 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 Riverside Apartments + Chennai Landing?+
Riverside Apartments + Chennai Landing is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 manages Riverside Apartments + Chennai Landing?+
Riverside Apartments + Chennai Landing is managed by . You can reach them at .
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.
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, 2-bedroom: $1093, 3-bedroom: $1540. Actual rent at Riverside Apartments + Chennai Landing may be lower for income-eligible households.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Riverside Apartments + Chennai Landing
Riverside Apartments Chennai Landing
Madras, OR
65 UnitsCrooked River Apts (3 Sites)
Madras, OR
94 UnitsCrooked River Apts 3 Sites
Madras, OR
94 UnitsWillow Creek Apts
Madras, OR
40 UnitsMadras Estates
Madras, OR
23 UnitsMadras Family Housing Ctr Ii
Madras, OR
24 Units