New Central Hotel
657 S Weller
Seattle, King County, Washington 98104

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Funding Programs

New Central Hotel 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

New Central Hotel has a project-based Section 8 contract. 28 of the 28 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 July 01, 2011 and the contract expires on December 31, 2028. The Section 8 contract rent is 108.7% 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.

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

New Central Hotel 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).

New Central Hotel is an apartment community containing 28 rental units. The property contains 28 bedrooms and based on typical apartment occupancy limits, New Central Hotel is home to not more than 42 persons when fully occupied.

Rent Subsidies

New Central Hotel 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

New Central Hotel contains a mix of 28 assisted one bedroom apartments for rent. There are 28 One Bedroom apartments in this property. The unit mix is 100% One Bedroom apartment rentals. The average bedroom size for New Central Hotel is 1.

Washington's 7th

Congressional District

28

Total Units

28

Project Based Sec. 8 Units

108.7

% of Fair Market Rent

31-Dec-28

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