The Pearl on Oyster Bay

550 Russell Rd, Bremerton, Washington 98312

The Pearl on Oyster Bay


The Pearl on Oyster Bay serves low-income seniors 62 and older in Bremerton. The U-shaped building wraps around a central courtyard and features wide doorways and other amenities designed to enhance independence.

The Apartments

The 81 apartments at The Pearl on Oyster Bay are one-bedroom units and include:

  • Emergency call system
  • Insulated double-paned windows
  • Energy-efficient appliances
  • Energy-efficient light fixtures
  • Water-conserving kitchen and bathroom faucets
  • High-efficiency toilets

Units

Unit (Bd/Ba) Ft2 Rent
One Bed One Bath (1/1) - Call for Price

The Pearl on Oyster Bay Details

  • 81 1 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 202 Supportive Housing for the Elderly

Property Amenities

  • Fitness Center
  • Computer Lab
  • Community Room
  • Library
  • Organized Activities
  • Resident Service Coordinator
  • Landscaping
  • Coin-Operated Laundry
  • Personal 24-hour emergency call system

Unit Amenities

  • Energy Efficient Appliances

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

Bremerton Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Bremerton but actual income limits may differ for units at The Pearl on Oyster Bay.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $36,050 $41,200 $46,350 $51,450 $55,600 $59,700 $63,800 $67,950
Low Income (60%) $43,260 $49,440 $55,620 $61,740 $66,720 $71,640 $76,560 $81,540

The Pearl on Oyster Bay is managed by HumanGood.

Image of The Pearl on Oyster Bay

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