Imperial Apartments
1427 East Pike Street
Seattle, King County, Washington 98122

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Funding Programs

Imperial Apartments was developed and operates with Federal housing financing. The property utilizes the Project Based Sec. 8 Federal housing program to make rent affordable to lower income tenants.

Section 8

Imperial Apartments has a project-based Section 8 contract. 8 of the 15 total units at the property receive Section 8 assistance. This means that 53% of the renter households in the property pay no more than 30% of their adjusted income for rent.

The current Section 8 contract was effective on October 01, 2014 and the contract expires on September 30, 2016. The Section 8 contract rent is 70.3% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $1,523.00 for Two Bedroom and $2,220.00 for Three Bedroom.

9% of Washington properties and 26% of all properties across the country have Section 8 rental subsidies. See the Rent Subsidies section for more.

Overview

Imperial 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).

Imperial Apartments is an apartment community containing 8 rental units. The property contains 17 bedrooms and based on typical apartment occupancy limits, Imperial Apartments is home to not more than 34 persons when fully occupied.

Rent Subsidies

Imperial Apartments provides rental subsidies to renters. The type of subsidy provided to apartment renters in Seattle, WA by this property is Project Based Sec. 8.

This subsidy allows the renter to pay 30% of his or her income for rent while the subsidy pays the difference. To qualify, a renter must earn 50% or less of the Area Median Income.

There is a minimum rent payment of not less than $25 and as much as $50 for all subsidy recipients at this property. That means that even if a renter has zero income, they will still be required to pay rent. In recent years, there have been various legislative proposals to increase the Section 8 minimum rent but advocates make the valid point that minimum rents affect the poorest of the poor.

Unit Mix

Imperial Apartments contains a mix of 8 assisted two and three bedroom apartments for rent. There are 7 Two Bedroom and 1 Three Bedroom apartments in this property. The unit mix is 88% Two Bedroom and 13% Three Bedroom apartment rentals. The average bedroom size for Imperial Apartments is 1.13.

Washington's 7th

Congressional District

8

Total Units

6

Project Based Sec. 8 Units

70.3

% of Fair Market Rent

30-Sep-16

Project Based Sec. 8 Contract Expiration

Two and Three

Unit Mix

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