Parkway East & West is managed by Salem Housing Authority.
Parkway East and West are 124 units of affordable two bedroom and three bedroom units located in northeast Salem.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
2 Bedroom (2/1) | - | From $580 |
3 Bedroom (3/1) | - | Up To $785 |
The waiting list for Parkway Village is closed until further notice as of December 31, 2020.
Last updated on March 25th, 2021Generally, 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 Salem but actual income limits may differ for units at Parkway East & West.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $29,300 | $33,500 | $37,700 | $41,850 | $45,200 | $48,550 |
Low Income (60%) | $35,160 | $40,200 | $45,240 | $50,220 | $54,240 | $58,260 |
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.