Esperanza Apartments
6940 37th Avenue South
Seattle, King County, Washington 98118

Call (855) 598-3283, enter extension 39736, then hit #.

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About The Property:

Esperanza Apartments is an 84-unit, affordable, older adult community located in a serene area of Seattle away from traffic and congestion, yet convenient to shopping, churches, and medical facilities. Residents must be 55 years of age or older. Some apartments are specially equipped for mobility impaired persons. This community serves residents who earn less than 60 percent of the area median gross income. Income limits are determined by the U.S. Department of Housing and Urban Development (HUD). Beautiful, affordable, one bedroom and one bath apartments with utilities (except phone and cable) are included in the rent. Section 8 Vouchers Welcomed. For more info, please call the office. This community has income limitations as determined by the US Department of Housing and Urban Development. Section 8 Vouchers welcomed.

Unit Information

Unit Bed/Bath Rent
One Bedroom 1/1 Contact Property

Property Amenities

  • Community Room
  • Library
  • On-Site Parking
  • Secured Entry
  • Elevator
  • Meal Services
  • Computer Room
  • Laundry Facility
  • Resident Activities
  • Resident Lounge

Unit Amenities

  • Handicapped Accessible
  • Utilities Included
  • Carpet
  • Security System
  • Bathroom Grab Bars
  • Fully Equipped Kitchen
  • Controlled Heat and Electricity
  • individually-locked mail box

Nearby Amenities

  • Near Park
  • Near Church
  • Near Shopping

Managed By Retirement Housing Foundation

Funding Programs

Esperanza Apartments was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.

Low Income Housing Tax Credit

The property was developed using the Low Income Housing Tax Credit Program. This program incentivizes investors to inject capital into rental apartments for lower income Americans. The property received a tax credit allocation in 2000 for $349,392 with a 10 year value of $3,493,920. The property was placed in service in 2001. 83 of 84 units at Esperanza Apartments are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was located in a Qualified Census Tract qualifying it for additional tax credit financing.

Overview

Esperanza Apartments is an affordable apartment community located in Seattle, Washington which is located in King County. The property is located in Washington's 7th Congressional District served by Representative Pramila Jayapal (D), Senator Patty Murray (D) and Senator Maria Cantwell (D).

Rental Subsidies

This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.

Washington's 7th

Congressional District

83

Tax Credit Units

83

Senior Units

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† These counts are estimates based on the data available from HUD. Learn More About Our Data