Lake Village East

420 97th Dr NE, Lake Stevens, Washington 98258

Contact Lake Village East

Lake Village East is located in the heart of Lake Stevens Washington. It is conveniently located within walking distance of all major shopping areas and public transportation. Lake Village East features on-site laundry, a spacious community room, and 24 one-bedroom affordable homes for seniors and adults living with disabilities. This community is subsidized through the USDA-RD/Tax Credit program.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price
2 Bedroom (2/1)	-	Call for Price

Eligibility for Lake Village East

Lake Village East Details

30 one and two bedroom units.
Section 515 Rural Rental Housing
Low-Income Housing Tax Credit (LIHTC)
Section 521 USDA Rental Assistance

Property Amenities

Community Room
On-Site Parking
Laundry Facilities
Smoke Free

Unit Amenities

Handicapped Accessible
Private Patios

Nearby Amenities

Close to Public Transportation

Office Hours

Day	Hours
Monday	8:30am-5:30pm
Friday	8:30am-5:30pm

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.

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 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.