Cambridge Cove

470 SE 4th Avenue, Oak Harbor, Washington 98277

Contact Cambridge Cove

Cambridge Cove is an affordable apartment community offering one and two bedroom options.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	597	Call for Price
Two Bedroom (2/1)	773	Call for Price

Eligibility for Cambridge Cove

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 Oak Harbor but actual income limits may differ for units at Cambridge Cove.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$33,050	$37,800	$42,500	$47,200
Low Income (60%)	$39,660	$45,360	$51,000	$56,640

Cambridge Cove Details

37 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 538 Guaranteed Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Clubhouse
Gated Community
Laundry Facilities
Smoke Free
High Speed Internet Access
Storage (in unit)

Unit Amenities

Air Conditioning
Cable and Satellite TV
Cable Ready
Refrigerator
Balconies or Patios Available

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 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 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.

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.