33030 1st Ave S, Federal Way, WA 98003
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $705 - 1,125 per Month† | Studio - 2 Beds | 1 - 2 Baths | 427 - 935 Sq Ft |
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.
Our unique studio, one- and two-bedroom homes have large kitchen areas featuring breakfast bars, microwaves, refrigerators and stoves.
Living spaces include cable ready setups, fireplaces, spiral staircases, walk-in closets, skylights, open lofts and water views.
Please note: new leases include a non-refundable fee of $150.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Cove East Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Azalea (Studio) (Studio/1) | 427ft2 | $705 $730† |
| Maple (1 Bedroom) (1/1) | 450ft2 | $830 $855† |
| Cedar (1 Bedroom) (1/1) | 680ft2 | $885 $910† |
| Pine (2 Bedroom) (2/2) | 935ft2 | $1,090 $1,125† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $47,950 / year | $54,800 / year | $61,650 / year | $68,500 / year |
| 50% AMI for PBRA Units | $47,950 / year | $54,800 / year | $61,650 / year | $68,500 / year |
| 60% AMI for LIHTC Units | $57,540 / year | $65,760 / year | $73,980 / year | $82,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cove East Apartments have a waiting list?
Cove East 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 Cove East 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 Cove East Apartments?
Cove East Apartments is managed by Quantum Management Services headquartered in Lynnwood, WA.
In addition to Cove East Apartments, how many other affordable housing properties (and units) are there in Federal Way?
In addition to Cove East Apartments, we list 31 other affordable properties in Federal Way. Learn about these properties here. Our data research shows that there are a total of 2479 affordable units in Federal Way.
28120 18th Ave South, Federal Way, Washington 98003
1001 S. 336th Street, Federal Way, Washington 98003
29404 Pacific Hwy S, Federal Way, Washington 98003
28620 Pacific Hwy S, Federal Way, Washington 98003
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