225 N Division St, Spokane, WA 99202
Waiting List Forecast: Likely Short or None
Verified for 2023 by Site Manager| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $308 - 667 per Month† | Studio - 1 Bed | 1 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Total renovation completed Spring 2009 including all new electric, plumbing, heat/cool pumps, windows, insulation, bamboo laminate floors. Three floors over commercial main floor, served by new elevator. Many units have great views and all tenants have access to the roof top deck. Originally built in 1912, period details have been preserved. Bright, cheery studio and 1 bedroom units with all appliances included. Well equipped laundry room on site. Centrally located on Division and Spokane Falls Blvd, across the street from the new convention center and Riverfront Park.
Because Bel Franklin Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | $308 $667† |
| One Bedroom (1/1) | - | $308 $667† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $31,150 / year | $35,600 / year | $40,050 / year | $44,500 / year | $48,100 / year | $51,650 / year | $55,200 / year | $58,750 / year |
| 50% AMI for PBRA Units | $31,150 / year | $35,600 / year | $40,050 / year | $44,500 / year | $48,100 / year | $51,650 / year | $55,200 / year | $58,750 / year |
| 60% AMI for LIHTC Units | $37,380 / year | $42,720 / year | $48,060 / year | $53,400 / year | $57,720 / year | $61,980 / year | $66,240 / year | $70,500 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Bel Franklin Apartments have a waiting list?
Bel Franklin Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Bel Franklin Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Bel Franklin Apartments?
Bel Franklin Apartments is managed by Spokane Housing Ventures (SHV) headquartered in Spokane, Washington.
In addition to Bel Franklin Apartments, how many other affordable housing properties (and units) are there in Spokane?
In addition to Bel Franklin Apartments, we list 108 other affordable properties in Spokane. Learn about these properties here. Our data research shows that there are a total of 6470 affordable units in Spokane.
When was the Bel Franklin Apartments listing last updated?
Bel Franklin Apartments listing on Affordable Housing Online was last updated on 01/03/2023 by Site Manager. Remember, a property's status can change so you should contact the property to confirm.
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