Lynn Crest Senior Apartments, located at 4629 194th St SW in Lynnwood, has one bedroom apartments. Lynn Crest Senior Apartments participates in the Section 202 Supportive Housing for the Elderly program.
Last updated on September 28th, 2018
|One Bedroom (1/1)||-||Income Based|
Lynn Crest is located in Lynnwood behind the Fred Meyer on 196th St SW serving adults 62 years of age or older. There are 39 one-bedroom apartments in a 3-story building with an elevator for easy access. Onsite laundry facilities and parking are available to residents. Lynn Crest is on the bus lines and is located close to the Lynnwood Library and Recreation Center. Lynn Crest is subsidized with project-based assistance and residents pay approximately 30% of their annual household income towards rent. The community room has a full kitchen and can be reserved for private or group activities.
Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.
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Lynn Crest Senior Apartments receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing.
You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. 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.
Lynn Crest Senior Apartments is managed by Everett Housing Authority.