Toliver Terrace Apartments

615 W Heintz St, Molalla, Oregon 97038

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Welcome to Toliver Terrace Apartments
Toliver Terrace provides affordable housing for seniors and/or disabled persons of any age. This community offers one and two bedroom units for those that meet income restrictions and selection criteria. Rental subsidies may be available to reduce resident rental obligation.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	600	Call for Price
Two Bedroom (2/1)	-	Call for Price

Eligibility for Toliver Terrace Apartments

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 Molalla but actual income limits may differ for units at Toliver Terrace Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$39,500	$45,150	$50,800	$56,400

Toliver Terrace Apartments Details

32 one and two bedroom units.
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Clubhouse
On-Site Manager
On-Site Parking
On-Site Recycling
Off Street Parking
Landscaping
On-Site Maintenance
Laundry Facilities
High Speed Internet Access
Wheel Chair Accessible

Unit Amenities

Air Conditioning
Window Coverings
Refrigerator
Water Trash and Sewer Included
Programmable Thermostats
Private Patio and Balcony
Large Closets

Office Hours

Day	Hours
Monday	9:00am-1:00pm
Tuesday	9:00am-1:00pm
Wednesday	9:00am-1:00pm
Thursday	9:00am-1:00pm
Friday	9:00am-1:00pm

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

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.