609 Yesler Way, Seattle, WA 98104
Waiting List Forecast: Likely Short or None
Verified for 2020 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,196 - 1,445 per Month† | 1 - 2 Beds | 1 Bath | - |
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.
Washington Terrace Apartments is pleased to offer affordable living options (income restrictions apply).
Spacious 1 and 2 bedroom affordable senior apartments offer even more than you’re used to – from spacious, airy floor plans with light, bright windows to a variety of events and activities just outside your door. When you’re not participating in our many onsite activities with our onsite resident coordinator, take a brisk stroll through our beautifully landscaped courtyards or tend the gardens on our rooftop. Plus, at Washington Terrace, we make things easy: we are located near Pioneer Square and the International District and are conveniently located on a bus route. Senior living means comfortably living better at Washington Terrace Apartments.
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 Washington Terrace 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 Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom One Bath As (1/1) | - | Call for Price† |
| One Bedroom One Bath A7 (1/1) | 541ft2 | $1,210† |
| One Bedroom One Bath A13 (1/1) | 648ft2 | $1,210† |
| Two Bedroom One Bath B1 (2/1) | 651ft2 | $1,445† |
| Two Bedroom One Bath B2 (2/1) | 656ft2 | $1,445† |
| Two Bedroom One Bath B7 (2/1) | 707ft2 | $1,196 $1,445† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $47,950 / year | $54,800 / year | $61,650 / year | $68,500 / year |
| 50% AMI for PBRA Units | $47,950 / year | $54,800 / year | $61,650 / year | $68,500 / year |
| 60% AMI for LIHTC Units | $57,540 / year | $65,760 / year | $73,980 / year | $82,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Washington Terrace have a waiting list?
Washington Terrace 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 Washington Terrace?
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 Washington Terrace?
Washington Terrace is managed by Fairfield Residential headquartered in San Diego, CA.
In addition to Washington Terrace, how many other affordable housing properties (and units) are there in Seattle?
In addition to Washington Terrace, 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.
6940 37th Ave. S. , Seattle, Washington 98118
12740 30th Avenue NE , Seattle, Washington 98125
1253 South Jackson Street, Seattle, Washington 98144
4484 Martin Luther King Jr Way S, Seattle, Washington 98108
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