55th Avenue Apartments is managed by Spokane Housing Ventures (SHV).
55th Avenue is a state of the art, 120 unit property located on the South Hill off Regal and 55th Ave. This community features 1 Bedroom, 2 bedroom 2 bath and 3 bedroom 2 bath apartment homes. Custom paint and finishes, plus high end black on black appliances complete the wonderful apartment. Each apartment has all appliances, including Stove, Refrigerator, Dishwasher, Washer and dryer, heat and air conditioning. The clubhouse features and exercise facility, computer room and well-appointed cabana facility, perfect for hosting a get together. Rents are fixed and based on household incomes.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | From $590 To $799 |
Two Bedroom (2/2) | - | From $590 To $799 |
Three Bedroom (3/2) | - | From $590 To $799 |
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 but actual income limits may differ for units at 55th Avenue Apartments.
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.