Lakewood Group Home
1500 Sw 112th St
Seattle, King County, Washington 98146

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Funding Programs

Lakewood Group Home was developed and operates with Federal housing financing. The property utilizes the Section 202 Federal housing program to make rent affordable to lower income tenants.

Section 202

The property was developed with funding through the HUD Section 202 program which provides funding for housing for seniors who are 62 or older. The program provided both capital financing to construct the property and operating subsidies that work as rental assistance like the Section 8 program. Lakewood Group Home is among only 23 Section 202 properties in Washington and 6,166 in the country.

Overview

Lakewood Group Home 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).

Lakewood Group Home is an apartment community containing 10 rental units. The property contains 10 bedrooms and based on typical apartment occupancy limits, Lakewood Group Home is home to not more than 15 persons when fully occupied.

Rent Subsidies

Lakewood Group Home provides rental subsidies to renters. The type of subsidy provided to apartment renters in Seattle, WA by this property is Section 202 Rental Assistance.

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 no minimum rent at this property for residents receiving a rent subsidy but in recent years, there has been discussions in Congress to implement a minimum rent in the Section 202 Program to reduce cost burden on the Federal budget.

Unit Mix

Lakewood Group Home contains a mix of 10 assisted one bedroom apartments for rent. There are 10 One Bedroom apartments in this property. The unit mix is 100% One Bedroom apartment rentals. The average bedroom size for Lakewood Group Home is 0.91.

Washington's 7th

Congressional District

10

Total Units

10

Project Based Sec. 8 Units

10

Section 202 Units

10

Senior Units

75.7

% of Fair Market Rent

19-Apr-32

Project Based Sec. 8 Contract Expiration

One

Unit Mix

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