12th and River Street Hsg

514 S 12th St, Boise, Idaho 83702

Contact 12th and River Street Hsg

12th & River Senior Apartments is the first new multifamily development dedicated to senior citizens in more than two years in the Boise area and marks Mercy Housing's first new construction property in the city. The three-story structure is located on 3/4 of an acre of land and is close to downtown Boise with easy access to the Green Belt, a walking and bike path that runs along the Boise River. The finest green living has to offer, this property has been defined by LEED certification and a commitment to quality environmental conservation.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	540	Call for Price

Eligibility for 12th and River Street Hsg

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 Boise but actual income limits may differ for units at 12th and River Street Hsg.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50%	$31,200	$35,650	$40,100	$44,550	$48,150	$51,700	$55,250	$58,850

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 Boise but actual income limits may differ for units at 12th and River Street Hsg.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$31,200	$35,650	$40,100	$44,550	$48,150	$51,700	$55,250	$58,850
Low Income (60%)	$37,440	$42,780	$48,120	$53,460	$57,780	$62,040	$66,300	$70,620

12th and River Street Hsg Details

53 one bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Business Center

Low-Income Housing Tax Credit (LIHTC)

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.