Pepperwood Senior Apartments is managed by Everett Housing Authority.
Pepperwood is located in Lynnwood on the corner of Scriber Lake Road and 200th St SW and serves adults 55 years of age and older. There are 10 one-bedroom and 15 two-bedroom apartments with dishwashers in every apartment. On-site laundry facilities and parking are available to Pepperwood residents, and elevators provide easy access to all four floors. The property is located on bus lines and close to shopping.
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 Lynnwood but actual income limits may differ for units at Pepperwood Senior Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $47,950 | $54,800 | $61,650 | $68,500 | $74,000 | $79,500 | $84,950 | $90,450 |
Low Income (60%) | $57,540 | $65,760 | $73,980 | $82,200 | $88,800 | $95,400 | $101,940 | $108,540 |
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.