815 Pacific Ave, Tacoma, WA 98402
Waiting List Forecast: Likely Short or None
Verified for 2022 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 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.
Located in Tacoma's old city hall district, the Hotel Olympus Apartments offer all the comforts of home in the heart of downtown. A short walk around the district will take you back to when Tacoma was a bustling railhead and port destination for the Pacific Northwest. Originally built in 1909, the Hotel Olympus was once part of the infamous Whiskey Row. That was the nickname given to the area between 7th and 9th streets on Pacific Avenue because they once supported a concentration of gambling houses, brothels, and saloons. The same strip now houses a variety of shops and restaurants, many of which have managed to retain their historic architectural appearance.
Now the Hotel Olympus is home to individuals who value the convenience and style of downtown living along with the comfort and dependability of a professionally managed community. If the lively city lifestyle is what you prefer, then you will be delighted by the variety of fine dining and shopping establishments just outside your door, along with the convenience of the theaters, the library, the UW Tacoma campus, museums, galleries, and many other attractions just blocks away! If peace and serenity is more your style, then you can relax in the comfort of your own apartment home with family, friends, a good book, or enjoying the lovely views of Commencement Bay.
Whatever your preference, you'll love coming home to Hotel Olympus Apartments.
Because Olympus Hotel 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 |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $22,600 / year | $25,800 / year | $29,050 / year | $32,250 / year |
| 50% AMI for LIHTC Units | $37,650 / year | $43,000 / year | $48,400 / year | $53,750 / year |
| 50% AMI for PBRA Units | $37,650 / year | $43,000 / year | $48,400 / year | $53,750 / year |
| 60% AMI for LIHTC Units | $45,180 / year | $51,600 / year | $58,080 / year | $64,500 / year |
| 80% AMI for PBRA Units | $60,200 / year | $68,800 / year | $77,400 / year | $86,000 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Olympus Hotel have a waiting list?
Olympus Hotel 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 Olympus Hotel?
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 Olympus Hotel?
Olympus Hotel is managed by Allied Residential headquartered in Renton, Washington.
In addition to Olympus Hotel, how many other affordable housing properties (and units) are there in Tacoma?
In addition to Olympus Hotel, we list 207 other affordable properties in Tacoma. Learn about these properties here. Our data research shows that there are a total of 6270 affordable units in Tacoma.
3808 S Mason Ave, Tacoma, Washington 98409
1756 106th St S, Tacoma, Washington 98444
Applying for housing with bad credit.
Most HUD housing programs, like Section 8 and Public Housing, do not have a credit check. But Section 8 landlords will likely require one for an available unit.Duane Lindoff says:
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