Village Apartments is managed by Spokane Housing Ventures (SHV).
Construction was completed on the Village Apartments in June, 2000. This new construction complex consists of 37 units of 2, 3, and 4 bedroom apartments designed for large families and households with a disabled family member. There is one unit set aside for management, including a leasing office. The complex is located at 9717 E 6th Avenue in the Spokane Valley and targets persons and families at or below 35% of median income. Total project development costs were $3.6 Million.
Village Apartments was chosen as one of twelve complexes in the U.S. to be recognized with a picture layout in the ESIC annual calendar due in large part to the community effort involved in the development. This effort is portrayed with art tiles on the mail kiosk, which were designed and painted by East Valley Middle School special education students.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Two Bedroom (2/1) | - | From $418 To $530 |
Three Bedroom (3/1.5) | - | From $418 To $530 |
Four Bedroom (4/1.5) | - | From $418 To $530 |
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 Village Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $31,150 | $35,600 | $40,050 | $44,500 | $48,100 | $51,650 | $55,200 | $58,750 |
Low Income (60%) | $37,380 | $42,720 | $48,060 | $53,400 | $57,720 | $61,980 | $66,240 | $70,500 |
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.
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.