Bel Franklin Apartments

225 N Division St, Spokane, Washington 99202

Total renovation completed Spring 2009 including all new electric, plumbing, heat/cool pumps, windows, insulation, bamboo laminate floors. Three floors over commercial main floor, served by new elevator. Many units have great views and all tenants have access to the roof top deck. Originally built in 1912, period details have been preserved. Bright, cheery studio and 1 bedroom units with all appliances included. Well equipped laundry room on site. Centrally located on Division and Spokane Falls Blvd, across the street from the new convention center and Riverfront Park.

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Waiting List is Open Now

The waiting list is open and approximately 45 applicants long as of August 30th, 2019.

Last updated on August 30th, 2019

Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) - From $308 To $667
One Bedroom (1/1) - From $308 To $667

Bel Franklin Apartments Details

  • 36 0 and one bedroom units.
  • Low Rise
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Controlled Access
  • Elevator

Unit Amenities

  • New Appliances

Office Hours

Day Hours
Tuesday 9:00am-5:00pm
Thursday 9:00am-5:00pm
Friday 12:00pm-4:00pm

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Spokane Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Spokane but actual income limits may differ for units at Bel Franklin Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $27,000 $30,850 $34,700 $38,550 $41,650 $44,750 $47,850 $50,900
Low Income (60%) $32,400 $37,020 $41,640 $46,260 $49,980 $53,700 $57,420 $61,080

Bel Franklin Apartments is managed by Spokane Housing Ventures (SHV).

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