Southfair Apartments
1901 Fairgrounds Rd NE, Salem, Oregon 97301
Contact Southfair Apartments
Southfair Apartments is managed by Salem Housing Authority.
Southfair is a 40-unit affordable property offering 1, 2, and 3 bedroom units in NE Salem. Current monthly rents range from $485 to $740.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price |
| 2 Bedroom (2/1) | - | Call for Price |
| 3 Bedroom (3/1) | - | Call for Price |
Waiting List is Closed
The waiting list for Southfair Apartments is closed until further notice as of December 31, 2020.
Last updated on March 25th, 2021Eligibility for Southfair 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 Salem but actual income limits may differ for units at Southfair Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
|---|---|---|---|---|---|---|
| 30% | $17,600 | $20,100 | $24,860 | $30,000 | $35,140 | $40,280 |
| 50% | $29,300 | $33,500 | $37,700 | $41,850 | $45,200 | $48,550 |
| 80% | $46,900 | $53,600 | $60,300 | $66,950 | $72,350 | $77,700 |
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 Salem but actual income limits may differ for units at Southfair Apartments.
| 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 |
Southfair Apartments Details
- 35 one, two and three bedroom units.
- Section 8 Project-Based Rental Assistance (PBRA)
- Low-Income Housing Tax Credit (LIHTC)
- Section 221 (d) (3)
- Section 236
Property Amenities
- Accessible Apartments
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.
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 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.
Images of Southfair Apartments
Nearby Low Income Apartment Communities like Southfair Apartments
Brighton Park East Apartments
Cornerstone Apartments
Fairhaven Gardens Apartments
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.