1 South Madelia St, Spokane, WA 99202
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Joshua CappellRent | Beds | Baths | SqFt |
---|---|---|---|
Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | - |
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.
1 South Madelia is a newly constructed project consisting of 1, 2, and 3-bedroom units. The project has an 18 unit apartment building with an elevator and community room, and 18 townhouse style units surrounding a playground for children. The project provides affordable housing options for large to small households, individuals, and persons with disabilities.
Amenities include an elevator, community room, common green space, playground, on-site parking, extra storage for 2 and 3 bedroom units, and washer and dryers in all units. The property also has an on-site manager.
Because 1 South Madelia participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, 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 (1/1) | - | Call for Price† |
Two Bedroom (2/1) | - | Call for Price† |
Two Bedroom (2/2) | - | Call for Price† |
Three Bedroom (3/2) | - | Call for Price† |
AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
---|---|---|---|---|---|---|
50% AMI for LIHTC Units | $31,150 / year | $35,600 / year | $40,050 / year | $44,500 / year | $48,100 / year | $51,650 / year |
50% AMI for PBRA Units | $31,150 / year | $35,600 / year | $40,050 / year | $44,500 / year | $48,100 / year | $51,650 / year |
60% AMI for LIHTC Units | $37,380 / year | $42,720 / year | $48,060 / year | $53,400 / year | $57,720 / year | $61,980 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does 1 South Madelia have a waiting list?
1 South Madelia 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 1 South Madelia?
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 1 South Madelia?
1 South Madelia is managed by Goodale & Barbieri headquartered in Spokane, Washington.
In addition to 1 South Madelia, how many other affordable housing properties (and units) are there in Spokane?
In addition to 1 South Madelia, we list 175 other affordable properties in Spokane. Learn about these properties here. Our data research shows that there are a total of 6470 affordable units in Spokane.
When was the 1 South Madelia listing last updated?
1 South Madelia listing on Affordable Housing Online was last updated on 01/01/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Takesha Powell says:
"Affordable Housing Online is a great resource that provides a lot of helpful links to get low-income and affordable housing."