Island View Apartments

7930 272nd NW, Stanwood, Washington 98292

Contact Island View Apartments

Island View Apartments is an affordable apartment community with top and bottom floor, one or two bedroom multi-family, non-smoking complex. We are on the local community transit bus line. Close to shopping, schools, doctors offices and parks. We have a community laundry and garden. Two play areas for the children. We are located in Stanwood, WA. For more information please call our site manager.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	644	$652
Two Bedroom (2/1)	827	$692

Eligibility for Island View Apartments

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 Stanwood but actual income limits may differ for units at Island View Apartments.

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

Island View Apartments Details

32 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 521 USDA Rental Assistance
Section 515 Rural Rental Housing

Property Amenities

Playground
Laundry Room
Rural Area

Unit Amenities

Window Coverings
Carpet
Yard

Nearby Amenities

Close to Public Transportation
Near Library
Near Park
Near Schools

Low-Income Housing Tax Credit (LIHTC)

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.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.