Lincoln Way II Apartments

2721 Lincoln Way, Lynnwood, Washington 98037

Contact Lincoln Way II Apartments

Located in Lynnwood, just one block off Highway 99, Lincoln Way II consists of 50 affordable apartment homes rented to qualified applicants earning 30 and 50 percent of the median income. This warm community is conveniently located near local bus lines, and within walking distance to multiple shopping centers.

Lincoln Way offers a mix of spacious, one, two and three bedroom units. Water, Sewer and Garbage are included in the rent.

The property was awarded 1st place in the MetLife Foundation Awards for Excellence in Affordable Housing. The awards program recognizes community-based and regional nonprofit organizations that excel in property and asset management or provide housing to people with special needs

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Income Based
2 Bedroom (2/1)	-	Income Based
3 Bedroom (3/1)	-	Income Based

Eligibility for Lincoln Way II Apartments

Lincoln Way II Apartments Details

50 one, two and three bedroom units.
Water and Sewer utilities included in rent
HOME Investment Partnerships Program
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Playground
Computer Lab
Community Room
Sports Courts
Laundry Facilities

Office Hours

Day	Hours
Monday	9:00am-5:00pm
Tuesday	9:00am-5:00pm
Wednesday	9:00am-5:00pm
Thursday	9:00am-5:00pm
Friday	9:00am-5:00pm

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

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.