Park Terrace Apartments

315 N Alberta St, Portland, Oregon 97217

Contact Park Terrace Apartments

Make Park Terrace Apartments your new home today! These apartments offer charm and character that will leave you with a smile every time you walk through the door. They offer 1 bedroom apartments with spacious floor plans.

Park Terrace Apartments are perfect for singles, families, and/or persons with disabilities. Located just minutes from grocery stores, restaurants and the bus line. Come in and see our professional management team today. They would love to show you around, so you can see for yourself why Park Terrace Apartments is the affordable solution for high quality living in Portland.

Unit (Bd/Ba)	Ft²	Rent
One Bed One Bath (1/1)	-	Call for Price

Eligibility for Park Terrace Apartments

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 Portland but actual income limits may differ for units at Park Terrace Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50%	$39,500	$45,150	$50,800	$56,400	$60,950	$65,450	$69,950	$74,450

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 Portland but actual income limits may differ for units at Park Terrace Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$39,500	$45,150	$50,800	$56,400	$60,950	$65,450	$69,950	$74,450
Low Income (60%)	$47,400	$54,180	$60,960	$67,680	$73,140	$78,540	$83,940	$89,340

Park Terrace Apartments Details

88 one bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Rental Assistance (PBRA)
Section 221 (d) (3)
Section 236

Property Amenities

Off-Street Parking
Experienced Management
Landscaping

Unit Amenities

Refrigerator
Water Trash and Sewer Included
Fully Equipped Kitchen
Electric Range

Office Hours

Day	Hours
Monday	8:00am-4:00pm
Tuesday	8:00am-4:00pm
Wednesday	8:00am-4:00pm
Thursday	8:00am-4:00pm
Friday	8:00am-4:00pm

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.

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Section 236

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.