Lasalle Apartments
87 Pike St
Seattle, King County, Washington 98101

Request an Application

Funding Programs

Lasalle 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

Lasalle Apartments has a project-based Section 8 contract. 40 of the 40 total units at the property receive Section 8 assistance. This means that 100% 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 June 01, 2014 and the contract expires on May 31, 2034. The Section 8 contract rent is 93.6% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $1,049.00 for Zero Bedroom and $1,225.00 for One 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

Lasalle 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).

Lasalle Apartments is an apartment community containing 40 rental units. The property contains 20 bedrooms and based on typical apartment occupancy limits, Lasalle Apartments is home to not more than 50 persons when fully occupied.

Rent Subsidies

Lasalle 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

Lasalle Apartments contains a mix of 40 assisted studio and one bedroom apartments for rent. There are 20 Studio and 20 One Bedroom apartments in this property. The unit mix is 50% Studio and 50% One Bedroom apartment rentals. The average bedroom size for Lasalle Apartments is 0.5.

Washington's 7th

Congressional District

40

Total Units

40

Project Based Sec. 8 Units

93.6

% of Fair Market Rent

31-May-34

Project Based Sec. 8 Contract Expiration

Studio and One

Unit Mix

Find More in Seattle

Search Nearby Affordable Housing

Find More in King County

Search Nearby Affordable Housing

Find More in Washington

Search Nearby Affordable Housing

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