Olympus Hotel

815 Pacific Ave, Tacoma, Washington 98402

Contact Olympus Hotel

Located in Tacoma's old city hall district, the Hotel Olympus Apartments offer all the comforts of home in the heart of downtown. A short walk around the district will take you back to when Tacoma was a bustling railhead and port destination for the Pacific Northwest. Originally built in 1909, the Hotel Olympus was once part of the infamous Whiskey Row. That was the nickname given to the area between 7th and 9th streets on Pacific Avenue because they once supported a concentration of gambling houses, brothels, and saloons. The same strip now houses a variety of shops and restaurants, many of which have managed to retain their historic architectural appearance.

Now the Hotel Olympus is home to individuals who value the convenience and style of downtown living along with the comfort and dependability of a professionally managed community. If the lively city lifestyle is what you prefer, then you will be delighted by the variety of fine dining and shopping establishments just outside your door, along with the convenience of the theaters, the library, the UW Tacoma campus, museums, galleries, and many other attractions just blocks away! If peace and serenity is more your style, then you can relax in the comfort of your own apartment home with family, friends, a good book, or enjoying the lovely views of Commencement Bay.

Whatever your preference, you'll love coming home to Hotel Olympus Apartments.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price

Eligibility for Olympus Hotel

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Tacoma but actual income limits may differ for units at Olympus Hotel.

AMI Band	1 Person	2 Person	3 Person	4 Person
50%	$37,650	$43,000	$48,400	$53,750

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 Tacoma but actual income limits may differ for units at Olympus Hotel.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$37,650	$43,000	$48,400	$53,750
Low Income (60%)	$45,180	$51,600	$58,080	$64,500

Olympus Hotel Details

11 studio, one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Section 8 Project-Based Voucher (PBV)

Property Amenities

Secured Entry
Surveillance Cameras

Unit Amenities

Vaulted Ceiling

Nearby Amenities

Close to Public Transportation

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.

HOME Investment Partnerships Program

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.