About This Property
Hancock Street Apartments comprises 24 two-bedroom units designated for low-income households in Port Townsend, Washington. The property, which has been in service since 2009, is owned and operated by a non-profit organization and financed through tax-exempt bonds and 4% Low-Income Housing Tax Credits. All units serve households at or below area median income levels.
Property Details
Fair Market Rent - Jefferson 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 | $1,052 |
| 1 Bedroom | $1,080 |
| 2 Bedroom | $1,213 |
| 3 Bedroom | $1,709 |
| 4 Bedroom | $2,058 |
Income Limits - Jefferson County, WA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,000
- Very Low (50%)
- $25,000
- Low (80%)
- $39,950
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,550
- Low (80%)
- $45,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,100
- Low (80%)
- $51,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,650
- Low (80%)
- $57,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,550
- Low (80%)
- $61,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,400
- Low (80%)
- $66,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,250
- Low (80%)
- $70,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,100
- Low (80%)
- $75,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,000 | $25,000 | $39,950 |
| 2 Persons | $17,420 | $28,550 | $45,650 |
| 3 Persons | $21,960 | $32,100 | $51,350 |
| 4 Persons | $26,500 | $35,650 | $57,050 |
| 5 Persons | $31,040 | $38,550 | $61,650 |
| 6 Persons | $35,580 | $41,400 | $66,200 |
| 7 Persons | $40,120 | $44,250 | $70,750 |
| 8 Persons | $44,660 | $47,100 | $75,350 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Port Townsend, WA?+
The Fair Market Rent (FMR) for Jefferson County, WA is: $1052 (Studio), $1080 (1BR), $1213 (2BR), $1709 (3BR), $2058 (4BR). Actual rent at subsidized properties like Hancock Street Apartments is typically 30% of household income or less.
What size apartments are available at Hancock Street Apartments?+
Hancock Street Apartments offers the following unit types: 24 Two-Bedroom units, for a total of 24 units.
How do I apply for housing at Hancock Street Apartments?+
Hancock Street Apartments 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 Hancock Street Apartments?+
Hancock Street Apartments is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Port Townsend, WA?+
Based on Fair Market Rent for Jefferson County, the estimated price range is: 2-bedroom: $1213. Actual rent at Hancock Street Apartments may be lower for income-eligible households.
What are the income limits for affordable housing in Jefferson County, WA?+
For a 4-person household in Jefferson County, WA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,650, Low Income (80% AMI): $57,050. These limits are set by HUD and updated annually.
Walk Score
Somewhat Walkable
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