Madrona Valley Apartments

204 N. Main St., Coupeville, Washington 98239

Contact Madrona Valley Apartments

Madrona Valley is a quaint community located in a vintage tourist town, conveniently located to shopping, dining, and entertainment. This community offers affordable and spacious 1-, 2-, and 3-bedroom floor plans with modern kitchens and much more! On site there is extra storage space, a laundry facility, and a playground for young children!

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	644-672	Call for Price
Two Bedroom (2/1)	807	Call for Price
Three Bedroom (3/1)	1089	Call for Price

Eligibility for Madrona Valley Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Coupeville but actual income limits may differ for units at Madrona Valley Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$19,850	$22,650	$25,500	$30,000	$35,140	$40,280
50%	$33,050	$37,800	$42,500	$47,200	$51,000	$54,800
80%	$52,850	$60,400	$67,950	$75,500	$81,550	$87,600

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 Coupeville but actual income limits may differ for units at Madrona Valley Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$33,050	$37,800	$42,500	$47,200	$51,000	$54,800
Low Income (60%)	$39,660	$45,360	$51,000	$56,640	$61,200	$65,760

Madrona Valley Apartments Details

24 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance
State or Local Program

Office Hours

Day	Hours
Tuesday	8:00am-5:00pm
Thursday	8:00am-5:00pm

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.