13445 Martin Luther King Jr Way S, Seattle, WA 98178
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,432 - 2,107 per Month† | 1 - 4 Beds | 1 - 2 Baths | 671 - 1,258 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.
Creston Point Apartments is set amongst manicured grounds within a private community. As a resident you will have access to lifestyle amenities including year-round outdoor spa and swimming pool, state of the art fitness center, indoor sports court, 24/7 access to packages, and spectacular views. Don't forget your furry family member which you can take to their off-leash dog park!
Their modern apartments range in size from studios to four bedrooms, with chef-inspired kitchens, in-unit laundry, upgraded carpets and modern vinyl plank flooring. Their chef-inspired kitchens boast energy efficient appliances, eat-in kitchen and a large pantry. The spacious interior flows effortlessly into the open-plan living space with spectacular views of the cascades in select homes.
Creston Point participates in an affordable housing program. HNN Communities is proud to be one of the leading providers of affordable rental housing in Washington State. Household income limitations apply, please contact us for more details.
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 Creston Point 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) | 671ft2 | $1,432 $1,457† |
| Two Bedroom (2/2) | 992ft2 | $1,734† |
| Three Bedroom (3/2) | 1213ft2 | $1,980† |
| Four Bedroom (4/2) | 1258ft2 | $2,107† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $28,800 / year | $32,900 / year | $37,000 / year | $41,100 / year | $44,400 / year | $47,700 / year | $51,000 / year | $54,300 / year |
| 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 |
| 80% AMI for PBRA Units | $70,650 / year | $80,750 / year | $90,850 / year | $100,900 / year | $109,000 / year | $117,050 / year | $125,150 / year | $133,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Creston Point have a waiting list?
Creston Point 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 Creston Point?
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 Creston Point?
Creston Point is managed by HNN Communities headquartered in Seattle, Washington.
In addition to Creston Point, how many other affordable housing properties (and units) are there in Seattle?
In addition to Creston Point, we list 392 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.
When was the Creston Point listing last updated?
Creston Point listing on Affordable Housing Online was last updated on 01/03/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
6940 37th Ave. S. , Seattle, Washington 98118
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