Silvertowne Apartments and Silvertowne II

1080 2nd Street and 1115 Mill St, Silverton, Oregon 97381

Contact Silvertowne Apartments and Silvertowne II

IS Living offers affordable housing with the Silvertowne Apartments located in Silverton, Oregon. Silvertowne provides housing for seniors and people with disabilities who meet Rural Development’s low income guidelines. But it is much more than just apartment living! Silvertowne residents enjoy being part of a close knit community who truly care for their social and physical well-being.

IS Living offers affordable housing with the Silvertowne Apartments located in Silverton, Oregon. Silvertowne provides housing for seniors and people with disabilities who meet the U.S.D.A., Rural Development guidelines.

But it is much more than just apartment living! Silvertowne residents enjoy being part of a community who look out and care for one another.

Eligibility for Silvertowne Apartments and Silvertowne II

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 Silverton but actual income limits may differ for units at Silvertowne Apartments and Silvertowne II.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$29,300	$33,500	$37,700	$41,850	$45,200	$48,550	$51,900	$55,250

Silvertowne Apartments and Silvertowne II Details

46 bedroom units.
Walk Up
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance
Section 538 Guaranteed Rural Rental Housing
Low-Income Housing Tax Credit (LIHTC)

Office Hours

Day	Hours
Monday	8:00am-5:00pm
Tuesday	8:00am-5:00pm
Wednesday	8:00am-5:00pm
Thursday	8:00am-5:00pm
Friday	8:00am-5:00pm

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.

Section 538 Guaranteed Rural Rental Housing

Section 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.

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.