Madrona Valley Apartments
204 N. Main St., Coupeville, Washington 98239
Madrona Valley is a quaint community located in a vintage tourist town, conveniently located to shopping, dining, and entertainment. They offer affordable and spacious one to three bedroom floor plans with modern kitchens and much more! On site they have storage space, laundry facility, and a playground for young children!
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1BR (1/1) | 644 | Call for Price |
| 1BRHC (1/1) | 672 | Call for Price |
| 2BR (2/1) | 807 | Call for Price |
| 2BRHC (2/1) | 870 | Call for Price |
| 3BR (3/1) | 1089 | Call for Price |
Eligibility for Madrona Valley Apartments
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 Coupeville but actual income limits may differ for units at Madrona Valley Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $33,050 | $37,800 | $42,500 | $47,200 | $51,000 | $54,800 | $58,550 | $62,350 |
| Low Income (60%) | $39,660 | $45,360 | $51,000 | $56,640 | $61,200 | $65,760 | $70,260 | $74,820 |
Contact Madrona Valley Apartments
Madrona Valley Apartments is managed by Quantum Management Services.
Madrona Valley Apartments Details
- 24 one, two and three bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- Section 515 Rural Rental Housing
- Section 521 USDA Rental Assistance
Property Amenities
- Playground
- Laundry Room
Unit Amenities
- Garbage Disposal
- Cable Ready
- Utilities Included
- Carpet
- Refrigerator
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 515 Rural Rental Housing
This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.
Section 521 USDA Rental Assistance
The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.
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