Covington Commons Apartments is managed by REACH Commmunity Development .
Covington Commons offers 40 apartments ranging in size from one bedroom to four bedrooms. The community includes a play structure, benches and a large grassy field. Parking is right outside the front door. The bus stop is located within one block. Covington Commons is close to shopping and restaurants. This is a Tax Credit Building. Breathe easy. Smoking is not allowed in any REACH property
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 530 | Call for Price |
Two Bedroom (2/1) | 754 | Call for Price |
Three Bedroom (3/2) | 1085 | Call for Price |
Four Bedroom (4/4) | 1396 | Call for Price |
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 Vancouver but actual income limits may differ for units at Covington Commons Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $39,500 | $45,150 | $50,800 | $56,400 | $60,950 | $65,450 | $69,950 | $74,450 |
Low Income (60%) | $47,400 | $54,180 | $60,960 | $67,680 | $73,140 | $78,540 | $83,940 | $89,340 |
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.