M L King Jr Apartments
7923 M L King Jr Way S
Seattle, King County, Washington 98118

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Funding Programs

M L King Jr 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

M L King Jr Apartments has a project-based Section 8 contract. 117 of the 120 total units at the property receive Section 8 assistance. This means that 98% 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, 2015 and the contract expires on September 30, 2016. The Section 8 contract rent is 64.2% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $1,225.00 for One Bedroom, $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

M L King Jr 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).

M L King Jr Apartments is an apartment community containing 117 rental units. The property contains 185 bedrooms and based on typical apartment occupancy limits, M L King Jr Apartments is home to not more than 336 persons when fully occupied.

Rent Subsidies

M L King Jr 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

M L King Jr Apartments contains a mix of 117 assisted one, two, and three bedroom apartments for rent. There are 68 One Bedroom, 30 Two Bedroom, and 19 Three Bedroom apartments in this property. The unit mix is 58% One Bedroom, 26% Two Bedroom, and 16% Three Bedroom apartment rentals. The average bedroom size for M L King Jr Apartments is 1.54.

Washington's 7th

Congressional District

117

Total Units

117

Project Based Sec. 8 Units

64.2

% of Fair Market Rent

30-Sep-16

Project Based Sec. 8 Contract Expiration

One, 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