Ross Island at Moffatt Cove is managed by Somerset Pacific LLC.
Ross Island is a high quality affordable family apartment community located in the heart of Emmett, ID. Emmett is a quiet, peaceful, rural community just North of Eagle and Star, with a rich agricultural history. Ross Island is located within minutes of the Emmett City Park, Police Department, Fire Department, City Hall, the Gem County Historical Society and Village Museum, Emmett Public Library, multiple bank and credit union branches, clothing, grocery, hardware stores, restaurants, health clubs, medical facilities, pharmacies, the Emmett Post Office, and all of Emmett’s Education Facilities.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
2 Bedroom (2/1) | - | Call for Price |
3 Bedroom (3/2) | - | Call for Price |
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.
Section 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.