Cottonwood Springs I

516 Ross Street, Davenport, Washington 99122

Contact Cottonwood Springs I

Cottonwood Springs I consists of 15 garden style units located in Davenport, Washington, which is the county seat for Lincoln County. There are two garden style one story buildings containing all 1 bedroom units, a laundry room and a community room for tenant use. The project was designed for active seniors and all units are set aside for residents 62 years of age or older. HUD provides project based rental assistance for this property. Tax Credits were issued through the Washington State Housing Finance Commission and the sale proceeds of those tax credits financed a rehab of the property.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	$518

Eligibility for Cottonwood Springs I

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 Davenport but actual income limits may differ for units at Cottonwood Springs I.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$17,550	$20,050	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$29,250	$33,400	$37,600	$41,750	$45,100	$48,450	$51,800	$55,150
80%	$46,800	$53,450	$60,150	$66,800	$72,150	$77,500	$82,850	$88,200

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 Davenport but actual income limits may differ for units at Cottonwood Springs I.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$29,250	$33,400	$37,600	$41,750	$45,100	$48,450	$51,800	$55,150
Low Income (60%)	$35,100	$40,080	$45,120	$50,100	$54,120	$58,140	$62,160	$66,180

Cottonwood Springs I Details

15 one bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)
Section 236

Property Amenities

Covered Parking
Off-Street Parking

Unit Amenities

Cable and Satellite TV
Private Patios

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.

Images of Cottonwood Springs I

Nearby Low Income Apartment Communities like Cottonwood Springs I

Cottonwood Springs II

420 Ross Street

Davenport, Washington

Subsidized

Rent Assisted

Senior

Supportive

S515

RDRA

BMIR

S236

$465-515

1-2 BR

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