226-228 N. Washington Street, Medical Lake, WA 99022
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $271 - 416 per Month† | 1 - 2 Beds | 1 Bath | - |
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.
At Medical Lake SHP Spokane Housing Ventures is partnering with Spokane County Community Development Department and the Supportive Living Program to provide 6 units of affordable housing to at risk individuals and families connected to the County's Supportive Living Program. This project provides a stable housing environment as these individuals and families work their way back into permanent housing. Spokane County and SHV received a HUD Supportive Housing Program grant in 2002 to provide acquisition, rehabilitation, leasing and operating funds. ESD 101 Americorp/Youth Build program participants completed major renovation on the units in August 2004. A small laundry facility was built on the site in 2005 by ESD101 after it was learned that the only coin op laundry in Medical Lake had closed. Spokane County expects to replicate this project with other non-profit housing providers if we are successful over the course of the remaining two years.
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 Medical Lake 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) | - | $271 $416† |
| Two Bedroom (2/1) | - | $271 $416† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $31,150 / year | $35,600 / year | $40,050 / year | $44,500 / year |
| 50% AMI for PBRA Units | $31,150 / year | $35,600 / year | $40,050 / year | $44,500 / year |
| 60% AMI for LIHTC Units | $37,380 / year | $42,720 / year | $48,060 / year | $53,400 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Medical Lake have a waiting list?
Medical Lake 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 Medical Lake?
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 Medical Lake?
Medical Lake is managed by Spokane Housing Ventures (SHV) headquartered in Spokane, Washington.
In addition to Medical Lake, how many other affordable housing properties (and units) are there in Spokane County?
In addition to Medical Lake, we list 157 other affordable properties in Spokane County. Learn about these properties here. Our data research shows that there are a total of 9057 affordable units in Spokane County.
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Geri Ridley says:
"Affordable Housing Online helps renters who need help and don't know where to start."