Cornerstone Apartments

2540 Rose Garden Street Northeast, Salem, Oregon 97301

Contact Cornerstone Apartments

The Cornerstone Apartments provide affordable housing with on-site resident services and access to community resources. Residents enjoy a variety of amenities and features designed to provide comfort and stability – including a dog park, playground, basketball court and more!

Come and discover your home at Cornerstone Apartments.

managed by Neighborly Ventures

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price
1 Bedroom (1/1)	-	Call for Price
2 Bedroom (2/1)	-	Call for Price
3 Bedroom (3/1)	-	Call for Price

Eligibility for Cornerstone Apartments

Cornerstone Apartments Details

180 studio, one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Playground
Basketball Court
BBQ and Picnic Area
Business Center
Clubhouse
Resident Service Coordinator
Community Media Center
On-Site Social Services
Community Garden

Unit Amenities

Air Conditioning
Dishwasher
Garbage Disposal
Microwave
Cable Ready
Window Coverings
Carpet
Refrigerator
Programmable Thermostats
Washer and Dryer Included
Private Patio and Balcony
High Ceilings

Office Hours

Day	Hours
Monday	10:00am-5:00pm
Tuesday	10:00am-5:00pm
Wednesday	10:00am-5:00pm
Thursday	10:00am-5:00pm
Friday	10:00am-5:00pm
Saturday	10:00am-5:00pm

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.

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.