Elma Gardens Apartments

309 East Martin Street, Elma, Washington 98541

Elma Gardens Apartments, located at 309 East Martin Street in Elma, has one bedroom apartments. Elma Gardens Apartments participates in the Low-Income Housing Tax Credit (LIHTC), Section 515 Rural Rental Housing and Section 521 USDA Rental Assistance programs.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (1/1) - Call for Price

Elma Gardens Apartments Details

  • 72 one bedroom units.
  • Project-Based Rental Assistance

Property Amenities

  • BBQ/Picnic Area
  • Community Room
  • On-Site Manager
  • Organized Activities
  • Laundry Room
  • 24hr Emergency Maintenance
  • Rural Area

Unit Amenities

  • Cable Ready
  • Window Coverings
  • Carpet

Nearby Amenities

  • Close to Downtown District
  • Close to Public Transportation
  • Near Library

Office Hours

Day Hours
Monday 9:00am-1:00pm
Tuesday 9:00am-1:00pm
Wednesday 9:00am-1:00pm
Thursday 9:00am-1:00pm
Friday 9:00am-1:00pm

About Elma Gardens Apartments

Elma Gardens Apartments is located in the scenic town of Elma, WA. It is hidden away from the main hustle and bustle yet very close to the quaint downtown district. Your beautiful one or two bedroom apartment home provides a serene place to relax after a busy day. Elma Gardens is community rich: neighbors become friends, and our residents enjoy gardening in their personal flower beds in both front and back of their apartment. Imagine the colorful community as everything begins to bloom! Stop by today to see your new home at Elma Gardens. Income restrictions may apply.

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.

Elma HUD Rental Assistance Income Qualifications

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 Elma but actual income limits may differ for units at Elma Gardens Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $13,550 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,450
50% $22,550 $25,750 $28,950 $32,150 $34,750 $37,300 $39,900 $42,450
80% $36,050 $41,200 $46,350 $51,450 $55,600 $59,700 $63,800 $67,950

Elma 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 Elma but actual income limits may differ for units at Elma Gardens Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $22,550 $25,750 $28,950 $32,150 $34,750 $37,300 $39,900 $42,450
Low Income (60%) $27,060 $30,900 $34,740 $38,580 $41,700 $44,760 $47,880 $50,940

These general income qualifications for Elma, Washington should only be used as a basic guide. To find out if you qualify, contact the community directly.

Elma Gardens Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Elma Gardens Apartments has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Elma Gardens Apartments is managed by Guardian Real Estate Services.

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