16518 NE 91st St, Redmond, WA 98052
Waiting List Forecast: Likely Short or None
Verified for 2023 by 11Residential Marketing, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,905 per Month† | 2 Beds | 1 Bath | 1,000 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.
Heritage Woods is an affordable housing community in the beautiful city of Redmond. Located in the Education Hill neighborhood, it is a quick walk or drive to the nearby Reservoir Park as well as great shopping and dining in charming downtown Redmond.
Our apartment homes offer spacious one- and two-bedroom floor plans, many with updated interiors. As a resident, you'll enjoy the outdoor picnic area, playground, laundry center, and free parking. Commuting is easy with convenient access to the transit line just minutes away in Redmond. Find out more and let us help you find your new home!
Heritage Woods is a Tax Credit Community. This means we have “Income Restrictions” based on household size.
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 Heritage Woods 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 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many 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 lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom One Bath (2/1) | 1000ft2 | $1,905† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $47,950 / year | $54,800 / year | $61,650 / year | $68,500 / year |
| 50% AMI for PBRA Units | $47,950 / year | $54,800 / year | $61,650 / year | $68,500 / year |
| 60% AMI for LIHTC Units | $57,540 / year | $65,760 / year | $73,980 / year | $82,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Heritage Woods Apartments have a waiting list?
Heritage Woods 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 Heritage Woods 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 Heritage Woods Apartments?
Heritage Woods Apartments is managed by 11 Residential headquartered in Kirkland, WA.
In addition to Heritage Woods Apartments, how many other affordable housing properties (and units) are there in Redmond?
In addition to Heritage Woods Apartments, we list 16 other affordable properties in Redmond. Learn about these properties here. Our data research shows that there are a total of 1569 affordable units in Redmond.
When was the Heritage Woods Apartments listing last updated?
Heritage Woods Apartments listing on Affordable Housing Online was last updated on 10/30/2023 by 11Residential Marketing. Remember, a property's status can change so you should contact the property to confirm.
3970 W Lake Sammamish Pkwy NE, Redmond, Washington 98052
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Gina Pocan says:
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