Silver Woods Senior Apartments is managed by Everett Housing Authority.
Silver Woods is located in the Silver Lake neighborhood of Everett serving adults 62 years or older. There are nine studio and 28 one-bedroom apartments in a 3- story building with an elevator for easy access. Onsite laundry facilities and parking are available to Silver Woods residents. Silver Woods is close to shopping and mass transit. Silver Woods is subsidized with project-based assistance and residents pay approximately 30% of their income towards rent.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | Income Based |
One Bedroom (1/1) | - | Income Based |
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 Everett but actual income limits may differ for units at Silver Woods Senior Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $28,800 | $32,900 | $37,000 | $41,100 | $44,400 | $47,700 | $51,000 | $54,300 |
50% | $47,950 | $54,800 | $61,650 | $68,500 | $74,000 | $79,500 | $84,950 | $90,450 |
80% | $70,650 | $80,750 | $90,850 | $100,900 | $109,000 | $117,050 | $125,150 | $133,200 |
Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.