31420 23rd Ave S, Federal Way, WA 98003
Waiting List Forecast: Likely Short or None
Verified for 2022 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 431 - 649 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.
Meridian Court Apartments is pleased to offer affordable living options (income restrictions apply).
Spacious 1 and 2 bedroom affordable senior apartments offer even more than you’re used to – from spacious, airy floor plans with light, bright windows to a variety of planned social events just outside your door. When you’re not participating in their many onsite activities, take a brisk stroll through their beautifully landscaped courtyards. Plus, at Meridian Court, they make things easy with conveniently located laundry rooms on every floor and ample parking. Senior living means comfortability and living better at Meridian Court Apartments.
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 Meridian Court 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 |
|---|---|---|
| One Bedroom (1/1) | 431ft2 | Call for Price† |
| Two Bedroom (2/1) | 649ft2 | Call for Price† |
| 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 Meridian Court Apartments have a waiting list?
Meridian Court 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 Meridian Court 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 Meridian Court Apartments?
Meridian Court Apartments is managed by Fairfield Residential headquartered in San Diego, CA.
In addition to Meridian Court Apartments, how many other affordable housing properties (and units) are there in Federal Way?
In addition to Meridian Court 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
33030 1st Ave S, 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
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").La'Velle D Jackson says:
"I’ve had opportunities to apply to states and cities that I never thought of before on Affordable Housing Online. Thank you for your help!"