12th Avenue Arts features 88 affordable apartments, performing arts space, community meeting space, and local retail – all under one roof at 12th and Pine on Capitol Hill. Residents at 12th Avenue Arts enjoy bright, naturally lit apartments, dishwashers in apartment, laundry on every floor, several spacious off-street community patios, and controlled building access. Two theaters and multiple retail stores and restaurants are available in the building for the residents’ and neighborhood’s enjoyment. The second floor commercial space also houses the main offices of Community Roots Housing.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | Call for Price |
One Bed One Bath (1/1) | - | Call for Price |
Two Bedroom One Bath (2/1) | - | Call for Price |
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 Seattle but actual income limits may differ for units at 12th Avenue Arts.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $47,950 | $54,800 | $61,650 | $68,500 |
Low Income (60%) | $57,540 | $65,760 | $73,980 | $82,200 |
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.