Olympic Apartments

1315 N 18th St, Mount Vernon, Washington 98273

Olympic Apartments is located in beautiful Mount Vernon, Washington. We are conveniently positioned minutes from entertainment, restaurants, walking trails, schools, parks, Skagit Valley Community College and is located on a bus line.  

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price
3 Bedroom (3/1) - Call for Price

Olympic Apartments Details

  • 96 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing

Property Amenities

  • Playground
  • On-Site Parking
  • Laundry Facilities
  • Smoke Free
  • On Bus-line
  • On-Site Laundry

Unit Amenities

  • Patio, Deck Or Balcony

Nearby Amenities

  • Close to Public Transportation
  • Close to Shopping

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.

Mount Vernon 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 Mount Vernon but actual income limits may differ for units at Olympic Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $30,150 $34,450 $38,750 $43,050 $46,500 $49,950 $53,400 $56,850
Low Income (60%) $36,180 $41,340 $46,500 $51,660 $55,800 $59,940 $64,080 $68,220

Olympic Apartments is managed by Mercy Housing.

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