About This Property
Grandy Lake Residences comprises 41 low-income units in Freeland, WA and has been in service since 1998. The property offers a mix of unit sizes including four 1-bedroom, seventeen 2-bedroom, fourteen 3-bedroom, and six 4-bedroom apartments. The development is non-profit owned and funded through 9% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Island County, WA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,156 |
| 1 Bedroom | $1,236 |
| 2 Bedroom | $1,523 |
| 3 Bedroom | $2,146 |
| 4 Bedroom | $2,536 |
Income Limits - Island County, WA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,800
- Very Low (50%)
- $27,950
- Low (80%)
- $44,700
- Extremely Low (30%)
- $19,200
- Very Low (50%)
- $31,950
- Low (80%)
- $51,050
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,950
- Low (80%)
- $57,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,900
- Low (80%)
- $63,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,100
- Low (80%)
- $68,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,300
- Low (80%)
- $74,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,500
- Low (80%)
- $79,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,700
- Low (80%)
- $84,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,800 | $27,950 | $44,700 |
| 2 Persons | $19,200 | $31,950 | $51,050 |
| 3 Persons | $21,960 | $35,950 | $57,450 |
| 4 Persons | $26,500 | $39,900 | $63,800 |
| 5 Persons | $31,040 | $43,100 | $68,950 |
| 6 Persons | $35,580 | $46,300 | $74,050 |
| 7 Persons | $40,120 | $49,500 | $79,150 |
| 8 Persons | $44,660 | $52,700 | $84,250 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Freeland, WA?+
The Fair Market Rent (FMR) for Island County, WA is: $1156 (Studio), $1236 (1BR), $1523 (2BR), $2146 (3BR), $2536 (4BR). Actual rent at subsidized properties like Grandy Lake Residences is typically 30% of household income or less.
What size apartments are available at Grandy Lake Residences?+
Grandy Lake Residences offers the following unit types: 4 One-Bedroom, 17 Two-Bedroom, 14 Three-Bedroom, 6 Four-Bedroom units, for a total of 41 units.
What are the income limits for affordable housing in Island County, WA?+
For a 4-person household in Island County, WA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,900, Low Income (80% AMI): $63,800. These limits are set by HUD and updated annually.
How do I apply for housing at Grandy Lake Residences?+
Grandy Lake Residences is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Grandy Lake Residences?+
Grandy Lake Residences is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Freeland, WA?+
Based on Fair Market Rent for Island County, the estimated price range is: 1-bedroom: $1236, 2-bedroom: $1523, 3-bedroom: $2146. Actual rent at Grandy Lake Residences may be lower for income-eligible households.
Contact Information
Location
Island County, WA
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