9314 E Montgomery Ave, Spokane Valley, WA 99206
Waiting List Forecast: Likely Long or Closed
Verified for 2023 by Katie Garay| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 497 - 650 Sq Ft |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
Discover your next place at The Ponderosa. This apartment community is located on E. Montgomery Ave in the 99206 area of Spokane. This community has a variety of available amenities and features including: a state-of-the-art fitness center, a community picnic area, and convenient on-site parking options. The leasing staff is waiting to show you all that this community has to offer. At The Ponderosa you're home. The beautiful grounds and convenient location makes our property, across the street from a full service grocery store (Postal service in store, floral, bakery, deli) etc., 2 banks, 3 restaurants and the dollar store. Bus stop on corner of the property. Full time service coordinator, food bank comes to us, lots of activities. Stop by the community today.
This property participates in the Section 8 Project-Based Rental Assistance program meaning the rent for many, if not all, units is based on a tenant's income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. This property was also financed through a HUD-insured private mortgage meaning the owner has oversight from both a private bank and HUD. This usually means Ponderosa Apartments is kept in good condition. Since this property has a project-based Section 8 contract, you won't need a Section 8 voucher to live here. If you have a voucher, you may have to give it up to live here.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 497ft2 | Rent is Based On Your Income† |
| Two Bedroom (2/1) | 650ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,700 / year | $21,400 / year | $24,860 / year | $30,000 / year |
| 50% AMI for LIHTC Units | $31,150 / year | $35,600 / year | $40,050 / year | $44,500 / year |
| 50% AMI for PBRA Units | $31,150 / year | $35,600 / year | $40,050 / year | $44,500 / year |
| 80% AMI for PBRA Units | $49,850 / year | $57,000 / year | $64,100 / year | $71,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Ponderosa Apartments have a waiting list?
Ponderosa Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Ponderosa Apartments?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Ponderosa Apartments?
Ponderosa Apartments is managed by California Commercial Investment Companies headquartered in Westlake Village, California.
In addition to Ponderosa Apartments, how many other affordable housing properties (and units) are there in Spokane Valley?
In addition to Ponderosa Apartments, we list 42 other affordable properties in Spokane Valley. Learn about these properties here. Our data research shows that there are a total of 1420 affordable units in Spokane Valley.
When was the Ponderosa Apartments listing last updated?
Ponderosa Apartments listing on Affordable Housing Online was last updated on 04/04/2023 by Katie Garay. Remember, a property's status can change so you should contact the property to confirm.
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Know your rights as a Section 8 tenant.
Some states and local governments have laws that protect renters with a Section 8 voucher who are looking for an available unit. Check your local laws.Luann McCarthy says:
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