Madison/Boylston

1400 Madison Street, Seattle, WA 98104

Waiting List Forecast: Likely Short or None

check_circleVerified for 2020 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio - 3 Beds	1 Bath	-

This property is currently under construction.

This community is scheduled to begin leasing in Spring of 2022.

Madison/Boylston is a partnership between Bellwether Housing and Plymouth Housing in the heart of First Hill.

Floors 1-6:

Plymouth Housing will operate 115 studio home for formerly homeless seniors with on-site supportive services.

Floors 7-17:

Bellwether Housing will operate 253 affordable studio, 1, 2, and 3-BR homes.

Community Amenities:

Vibrant ground floor vibrant retail along Madison Street

A community meeting room to for neighborhood use.

Access to Public Transportation:

Within walking distance of light rail, street car and buses.

No on-site parking.

Dave's Thoughts On Madison/Boylston

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 Madison/Boylston 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.

~ Dave Layfield, Founder of Affordable Housing Online

Madison/Boylston Amenities

Community Room
Close to Public Transportation

Units at Madison/Boylston

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

Income Qualification for Madison/Boylston

*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
50% AMI for LIHTC Units	$47,950 / year	$54,800 / year	$61,650 / year	$68,500 / year	$74,000 / year	$79,500 / year
50% AMI for PBRA Units	$47,950 / year	$54,800 / year	$61,650 / year	$68,500 / year	$74,000 / year	$79,500 / year
60% AMI for LIHTC Units	$57,540 / year	$65,760 / year	$73,980 / year	$82,200 / year	$88,800 / year	$95,400 / year

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

FAQs for Madison/Boylston

Does Madison/Boylston have a waiting list?

Madison/Boylston 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 Madison/Boylston?

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 Madison/Boylston, how many other affordable housing properties (and units) are there in Seattle?

In addition to Madison/Boylston, 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.