Bob & Marcia Almquist Place

501 Rainier Ave S, Seattle, WA 98144

Waiting List Forecast: Likely Short or None

check_circleVerified for 2020 by Connor Bailey, Joshua Cappell
Rent Beds Baths SqFt
Call for Rents Studio Bed 1 Bath -
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

This property is currently under construction.

Anticipated to be complete in early 2020.

The Bob & Marcia Almquist Place is a newly built affordable housing community with 102 units.

Dave's Thoughts On Bob & Marcia Almquist Place

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 Bob & Marcia Almquist Place 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 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many 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 lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Bob & Marcia Almquist Place Amenities

  • Community Room
  • Landscaping

Units at Bob & Marcia Almquist Place

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) - Rent is Based On Your Income

Income Qualification for Bob & Marcia Almquist Place

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
50% AMI for LIHTC Units $47,950 / year $54,800 / year $61,650 / year $68,500 / year $74,000 / year $79,500 / year $84,950 / year $90,450 / year
50% AMI for PBRA Units $47,950 / year $54,800 / year $61,650 / year $68,500 / year $74,000 / year $79,500 / year $84,950 / year $90,450 / year
60% AMI for LIHTC Units $57,540 / year $65,760 / year $73,980 / year $82,200 / year $88,800 / year $95,400 / year $101,940 / year $108,540 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Bob & Marcia Almquist Place

Does Bob & Marcia Almquist Place have a waiting list?

Bob & Marcia Almquist Place 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 Bob & Marcia Almquist Place?

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 Bob & Marcia Almquist Place?

Bob & Marcia Almquist Place is managed by Plymouth Housing headquartered in Seattle, WA.

In addition to Bob & Marcia Almquist Place, how many other affordable housing properties (and units) are there in Seattle?

In addition to Bob & Marcia Almquist Place, we list 590 other affordable properties in Seattle. Learn about these properties here. Our data research shows that there are a total of 29556 affordable units in Seattle.

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Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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