Catherine Johnson Court is managed by Spokane Housing Ventures (SHV).
Catherine Johnson Court was SHV's first new construction and first Low Income Housing Tax Credit project. It includes 36 units of housing constructed on a 1.6 acre site on the corner of 4th and Eastern in the Spokane Valley. The project opened in October of 1996 and offers 18 two-bedroom and 18 three-bedroom units, eight of which are barrier-free. Rents are affordable to household with incomes between 30% and 60% of the area median. There are additional set-asides for disabled persons and large families. The project has on-site management. Total development costs were $2.9 million.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Two Bedroom (2/1) | - | From $345 To $830 |
Three Bedroom (3/1.5) | - | From $345 To $830 |
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 Spokane Valley but actual income limits may differ for units at Catherine Johnson Court.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $31,150 | $35,600 | $40,050 | $44,500 | $48,100 | $51,650 |
Low Income (60%) | $37,380 | $42,720 | $48,060 | $53,400 | $57,720 | $61,980 |
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.