Artspace Mt Baker Lofts is managed by Quantum Management Services.
Artspace Mt. Baker Lofts, a mixed-use arts facility consisting of 57 artist live/work units paired with retail/commercial space, is Artspace’s third project in Seattle. More than 1,000 artists were on waiting lists for Artspace’s Tashiro Kaplan Artist Lofts and Artspace Hiawatha Lofts, and Mt. Baker has helped meet the need. This Transit Oriented Development (TOD) is located adjacent to the Mt. Baker Light Rail Station, addressing a goal to jump-start the Mt. Baker neighborhood into an “urban village” where residents can easily walk, bike, or ride mass transit.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | Call for Price |
1 Bedroom (1/1) | - | Call for Price |
2 Bedroom (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 Artspace Mt Baker Lofts.
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.