3600 Forestbrook Way SW, Olympia, WA 98502
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 535 - 725 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.
Experience retirement bliss every day of the week with a pet-friendly one or two bedroom home at LARC at Olympia, near Tumwater. Their professional team takes care of responsibilities like home and yard maintenance, so you can focus on getting the most out of your free time. Whether you want to learn, play, or explore, their rich calendar of activities will keep you entertained and engaged.
Socialize with a 62+ community with like-minded adults as much or as little as you like, with plenty of opportunities to spend quality time on your own. Their Olympia, Washington, senior living community makes it easy and comfortable to age in place thanks to the support that is available any time you need it. Make your retirement dream a reality with a spacious LARC at Olympia home today
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 Larc at Olympia 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) | 535ft2 | Call for Price† |
| Two Bedroom (2/1) | 725ft2 | Call for Price† |
| 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 Larc at Olympia have a waiting list?
Larc at Olympia 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 Larc at Olympia?
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.
In addition to Larc at Olympia, how many other affordable housing properties (and units) are there in Olympia?
In addition to Larc at Olympia, 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 Larc at Olympia listing last updated?
Larc at Olympia listing on Affordable Housing Online was last updated on 01/02/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Preferences must be verified by documents.
Have documentation ready that shows you qualify for a waiting list's preferences.Genora Jackson says:
"Affordable Housing Online is excellent, I’ve already filled out two applications!"