Jacob's Lane

About This Building

Title: Affordable Housing Option at Jacob's Lane Apartments in Eugene, OR Introduction: Jacob's Lane is a Low-Income Housing Tax Credit apartment complex situated in the heart of Eugene, Oregon. Designed to provide an affordable housing option, these rental apartments receive support from the LIHTC program, which includes specific rent and income restrictions. Incentives for Affordable Housing: The LIHTC program offers incentives to builders and developers to create housing opportunities for low-income individuals. At Jacob's Lane, these incentives have helped establish an inclusive community that caters to the housing needs of low-income persons. Rent Structure and Income Restrictions: To ensure affordability, the maximum rent at Jacob's Lane is determined based on the AMI (Area Median Income). By following this approach, the apartments prioritize the financial well-being of residents, allowing them to maintain stable housing options within their means. Low-Income Housing Supply: Jacob's Lane boasts a total of 63 low-income apartments, serving as a testament to the commitment towards ensuring accessible housing within the community. With such abundance, the complex contributes significantly to reducing the shortage of affordable housing options. Application Process: Due to the high demand for affordable housing, waiting lists for apartments have become commonplace. However, contacting Jacob's Lane directly via the provided phone number allows prospective tenants to inquire about availability and eligibility criteria. This approach enables interested individuals to take a step towards potentially securing their place in this thriving community.