Cottonwood Springs II consists of 18 garden style units of family housing located on a 1-1/2 acre site in Davenport, Washington. Development costs were approximately $600,000, which included capital upgrades and renovations. Financing was provided through USDA, Rural Development, the Washington State Housing Trust Fund and a grant from the Federal Home Loan Bank. USDA also provides rental assistance for qualified households.
|One Bedroom (1/1)||-||$465|
|Two Bedroom (2/1)||-||$515|
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.
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.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Davenport but actual income limits may differ for units at Cottonwood Springs II.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
Cottonwood Springs II is managed by Spokane Housing Ventures (SHV).