Isabella Court 2 is managed by REACH Commmunity Development .
Isabella Court offers affordable, senior living in Vancouver, WA at 3112 NE 62nd Avenue. Apartments are reserved for households 62 years of age or over, earning 60% or less of the area median income. Motor and sensory accessible units are available. Isabella Court features a large community room and other public spaces and many amenities. Located off Fourth Plain, near Vancouver Mall, these apartments are close to two Vine, CTRAN Bus Rapid Transit stations.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | 570 | Call for Price |
2 Bedroom (2/1) | 850 | Call for Price |
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.
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.