5228 112th St SW, Lakewood, WA 98499
Waiting List Forecast: Likely Short or None
Verified for 2022 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 428 - 651 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Lakewood Meadows is pleased to offer affordable living options (income restrictions apply).
Located in Lakewood, adjacent to St. Clare Hospital and only half a mile west of I-5, Lakewood Meadows senior apartments offers a blend of urban conveniences and suburban living. Surrounded by grocery shopping, dining, parks and recreation you are sure to find the value of this ideal location. Lakewood Meadows offers an active senior lifestyle including a fitness center and an array of social activities. Step inside their 1 or 2 bedroom apartments and enjoy conveniences such as ample storage, space to entertain or relax, and a fully equipped kitchen. Choose Lakewood Meadows and choose to live well.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Lakewood Meadows Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 428ft2 | Call for Price† |
| Two Bedroom (2/1) | 651ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $37,650 / year | $43,000 / year | $48,400 / year | $53,750 / year |
| 50% AMI for PBRA Units | $37,650 / year | $43,000 / year | $48,400 / year | $53,750 / year |
| 60% AMI for LIHTC Units | $45,180 / year | $51,600 / year | $58,080 / year | $64,500 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Lakewood Meadows Apartments have a waiting list?
Lakewood Meadows Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Lakewood Meadows Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Lakewood Meadows Apartments?
Lakewood Meadows Apartments is managed by Fairfield Residential headquartered in San Diego, CA.
In addition to Lakewood Meadows Apartments, how many other affordable housing properties (and units) are there in Lakewood?
In addition to Lakewood Meadows Apartments, we list 6 other affordable properties in Lakewood. Learn about these properties here. Our data research shows that there are a total of 508 affordable units in Lakewood.
When was the Lakewood Meadows Apartments listing last updated?
Lakewood Meadows Apartments listing on Affordable Housing Online was last updated on 09/27/2022 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Stay in contact with the housing agency after applying.
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