Caples Terrace

500 Omaha Way, Vancouver, Washington 98661

Contact Caples Terrace

Caples Terrace is located in the Skyline Crest community. Skyline Crest is a diverse and supportive community housing families from all corners of the world. There are walking paths, lots of green space, a large playground with basketball hoops, and a community garden. Skyline is conveniently located within walking distance of grocery stores, medical facilities, local elementary and middle schools, and the bus lines, making other community resources easily reachable. They know you want to be healthy, get a good job, and stay connected to your community. They want that too and offer many programs to help.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	368	Income Based
1 Bedroom (1/1)	468	Income Based
2 Bedroom (2/1)	796	Income Based

Eligibility for Caples Terrace

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 Vancouver but actual income limits may differ for units at Caples Terrace.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$23,700	$27,100	$30,500	$33,850
50%	$39,500	$45,150	$50,800	$56,400

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 Vancouver but actual income limits may differ for units at Caples Terrace.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$39,500	$45,150	$50,800	$56,400

Caples Terrace Details

137 studio, one and two bedroom units.
Water and Sewer utilities included in rent
Electricity utility included in rent
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Playground
Sports Courts
Community Garden

Nearby Amenities

Close to Public Transportation
Near Schools
Close to Grocery Stores

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.