410 & 510 Capitol Way N, Olympia, WA 98501
Waiting List Forecast: Likely Short or None
Verified for 2022 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,398 per Month† | 1 - 2 Beds | 1 Bath | 431 - 563 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.
Boardwalk Apartments is pleased to offer affordable living options (income restrictions apply)
Vibrant living in the heart of downtown Olympia is what you’ll discover at Boardwalk Apartments. Enjoy an active senior living community convenient to transportation, shopping, and healthcare. Entertain or rest and relax in your affordable 1 or 2 bedroom apartment, that just feels like home. Choose Boardwalk Apartments and enjoy less stress and more freedom to do the things that are important to you.
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 Boardwalk 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. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 431ft2 | Call for Price† |
| Two Bedroom (2/1) | 563ft2 | $1,398† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,900 / year | $41,000 / year | $46,150 / year | $51,250 / year |
| 50% AMI for PBRA Units | $35,900 / year | $41,000 / year | $46,150 / year | $51,250 / year |
| 60% AMI for LIHTC Units | $43,080 / year | $49,200 / year | $55,380 / year | $61,500 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Boardwalk Apartments have a waiting list?
Boardwalk 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 Boardwalk 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 Boardwalk Apartments?
Boardwalk Apartments is managed by Fairfield Residential headquartered in San Diego, CA.
In addition to Boardwalk Apartments, how many other affordable housing properties (and units) are there in Olympia?
In addition to Boardwalk Apartments, we list 21 other affordable properties in Olympia. Learn about these properties here. Our data research shows that there are a total of 2046 affordable units in Olympia.
When was the Boardwalk Apartments listing last updated?
Boardwalk Apartments listing on Affordable Housing Online was last updated on 09/27/2022 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Wait until you have a Section 8 voucher to find housing.
It usually takes months or years to reach the top of a Section 8 HCV waiting list. Any apartments you see now will likely not be available when you get your voucher.LMarie Murphy says:
"This website is very user friendly, and offers important information. It really helps to feel empowered when you have never done this process before. Thank you Affordable Housing Online!"