About This Property
Royal Building contains 33 one-bedroom units designated for low-income households in Springfield, OR. The property has served families, elderly, and disabled residents since 2007 through a combination of HOME and CDBG funding with 9% LIHTC credits. A non-profit organization owns and operates the building.
Property Details
Fair Market Rent - Lane County, OR
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $953 |
| 1 Bedroom | $1,063 |
| 2 Bedroom | $1,397 |
| 3 Bedroom | $1,969 |
| 4 Bedroom | $2,371 |
Income Limits - Lane County, OR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,950
- Very Low (50%)
- $24,950
- Low (80%)
- $39,900
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,500
- Low (80%)
- $45,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,050
- Low (80%)
- $51,300
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,600
- Low (80%)
- $56,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,450
- Low (80%)
- $61,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,300
- Low (80%)
- $66,100
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,150
- Low (80%)
- $70,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,000
- Low (80%)
- $75,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,950 | $24,950 | $39,900 |
| 2 Persons | $17,420 | $28,500 | $45,600 |
| 3 Persons | $21,960 | $32,050 | $51,300 |
| 4 Persons | $26,500 | $35,600 | $56,950 |
| 5 Persons | $31,040 | $38,450 | $61,550 |
| 6 Persons | $35,580 | $41,300 | $66,100 |
| 7 Persons | $40,120 | $44,150 | $70,650 |
| 8 Persons | $44,660 | $47,000 | $75,200 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Springfield, OR?+
The Fair Market Rent (FMR) for Lane County, OR is: $953 (Studio), $1063 (1BR), $1397 (2BR), $1969 (3BR), $2371 (4BR). Actual rent at subsidized properties like Royal Building is typically 30% of household income or less.
What size apartments are available at Royal Building?+
Royal Building offers the following unit types: 33 One-Bedroom units, for a total of 33 units.
Who manages Royal Building?+
Royal Building is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Royal Building?+
Royal Building primarily serves families, elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Springfield, OR?+
Based on Fair Market Rent for Lane County, the estimated price range is: 1-bedroom: $1063. Actual rent at Royal Building may be lower for income-eligible households.
How do I apply for housing at Royal Building?+
Royal Building is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What are the income limits for affordable housing in Lane County, OR?+
For a 4-person household in Lane County, OR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,600, Low Income (80% AMI): $56,950. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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