Shorewood Terrace Apartments

Family-Friendly Affordable Housing in the Heart of Downtown Milwaukie

Rental Requirements

Frequently Asked Questions

What are your rental requirements?

  • All applicants must provide two (2) pieces of identification. One (1) must be picture ID issued by a government agency, and the other your social security card (or an acceptable substitute verifying your social security number).
  • The primary applicant must be eighteen (18) years of age or older.
  • Each applicant 18 years of age or older must qualify individually, except for credit histories that are combined.
  • Unfavorable information for any individual applicant may result in denial of the total application.
    All Section 8 applicants must sign a consent form allowing the Housing Authority to release information from their file regarding your rental history.
  • The behavior and demeanor of applicants during the application process will be considered.
  • Information that is misrepresented on the application will be reason to deny the application, or if the misrepresentations are found after a rental agreement is signed, your rental agreement may be terminated.
  • Two (2) years of verifiable unbroken rental history from a third-party landlord with positive
    recommendations is required. Questions asked will include:

    1. Was/is rent paid on time?
    2. Length of tenancy?
    3. Was proper notice given?
    4. Did the applicant have any NSF checks?
    5. Would you rent to this person(s) again?

    CONDITIONALLY APPROVED: Applicant lacks three (3) years of history because of student status, previously living with parents, owning a home, or in the military.

  • Significant complaints or noncompliance violations will result in the denial of the application, such as:
    1. Repeated disturbances to the neighbors’ peace
    2. Reports of illegal activity
    3. Damage to the property beyond normal wear and tear
    4. Unpaid rent or damage charges
    5. Reports of violence or threats to landlords, neighbors, or staff
    6. Allowing persons or pets not on the lease to reside on the premises
    7. Failure to give proper notice when vacating the property.
  • Home ownership may be verified through the county tax assessor’s office. Mortgage payment must be current to reflect positive rental history.
  • Any recorded or non-recorded eviction will result in denial of the application.
  • Any balance owed related to previous housing will result in denial of the application.
  • Three (3) or more NSF rent checks within a period of one (1) year will result in denial.
  • Rental history demonstrating residency, but not third-party rental history, may require an additional security deposit equal to a full month’s rent.
  • A co-signer may be required when rental history does not meet the stated third-party rental criteria, but residency can be verified with parents, student housing, or military housing.
  • Previous non-payment of rent notices within a period of one (1) year may result in denial.
  • The monthly combined gross household income must be at least three (3) times the stated monthly rent.
  • Employment verification will be made by phone/fax confirming position in company, length of employment, salary, and future with company. A current paycheck stub showing year-to-date earnings,
    W2 or tax return may be required.
  • Self-employed applicants may be required to show proof of income through copies of the previous two
    year’s tax returns.
  • Non-employment sources of income may be verified by contacting the source (Bank Accounts, Alimony,
    Child Support, Trust Accounts, Social Security, Unemployment, Welfare, Grants/Loans) or by applicants
    furnishing social security award letters, school loan award letters, savings account or checking account
    statements.
  • The application will be denied if your source of income cannot be verified or does not meet the dollar requirements.
  • An acceptable credit history for at least the last three (3) years with no account ratings higher than a “4”. No unpaid collections, liens, or judgments in the last three (3) years.
  • No bankruptcy in the last three (3) years.
  • The combined debt-to-income ratio does not exceed 45%.
  • Arrests and/or convictions may be evaluated. Applicants are not to have a criminal history in the manufacturing and/or selling of illegal substances, be a current user of illegal substances, be involved in gambling, prostitution, or any other crime that would deem to be a threat to the community property, residents and/or staff.

Norris & Stevens, Inc. does business in accordance with the Federal Fair Housing Law, Title VII of the Civil Rights Act of 1968 as amended by the Housing and Community Development Act of 1988.

Norris & Stevens, Inc. does not discriminate in the rental of housing on the basis of: Race, Color, Religion, Sex, National Origin, Familial Status, Handicapped Status, Marital Status or Source of Income.

 

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