Chester Creek Estates is managed by FPI Management, Inc..
Welcome Home.
Chester Creek Estates apartment homes are available in 1, 2, 3 and 4 bedrooms and each apartment has a full-size washer and dryer. Additionally, every apartment has an assigned carport for the comfort and convenience of our residents. We look forward to meeting you and welcoming you to our community.
AHFC Housing Vouchers Welcome
Close Proximity to UMED District, UAA, Elmedorf AFB and Ft. Richardson. Nearby green spaces for hiking, fishing and biking.
3-Bedroom units offer walk-in closets. 3-Bedroom and 4-Bedroon units have a dishwasher. Some paid utilities offered.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 705 | $965 |
Two Bedroom (2/1) | 830 | $1,128 |
Three Bedroom (3/1) | 1036 | $1,324 |
Four Bedroom (4/2) | 1226 | $1,460 |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Anchorage but actual income limits may differ for units at Chester Creek Estates.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
50% | $42,850 | $48,950 | $55,050 | $61,150 | $66,050 | $70,950 | $75,850 | $80,750 |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Anchorage but actual income limits may differ for units at Chester Creek Estates.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $42,850 | $48,950 | $55,050 | $61,150 | $66,050 | $70,950 | $75,850 | $80,750 |
Low Income (60%) | $51,420 | $58,740 | $66,060 | $73,380 | $79,260 | $85,140 | $91,020 | $96,900 |
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.