About This Property
Island Terrace offers 48 units in Bainbridge Island, including 47 low-income units designed to serve disabled residents. The property features a mix of 12 one-bedroom and 36 two-bedroom units and has been in service since 2008. It operates under 9% Low-Income Housing Tax Credit financing and is owned and managed by a non-profit organization.
Property Details
Fair Market Rent - Kitsap 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 | $1,389 |
| 1 Bedroom | $1,559 |
| 2 Bedroom | $2,049 |
| 3 Bedroom | $2,698 |
| 4 Bedroom | $3,181 |
Income Limits - Kitsap County, WA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,800
- Very Low (50%)
- $32,950
- Low (80%)
- $52,750
- Extremely Low (30%)
- $22,600
- Very Low (50%)
- $37,650
- Low (80%)
- $60,250
- Extremely Low (30%)
- $25,450
- Very Low (50%)
- $42,350
- Low (80%)
- $67,800
- Extremely Low (30%)
- $28,250
- Very Low (50%)
- $47,050
- Low (80%)
- $75,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $50,850
- Low (80%)
- $81,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $54,600
- Low (80%)
- $87,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $58,350
- Low (80%)
- $93,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $62,150
- Low (80%)
- $99,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,800 | $32,950 | $52,750 |
| 2 Persons | $22,600 | $37,650 | $60,250 |
| 3 Persons | $25,450 | $42,350 | $67,800 |
| 4 Persons | $28,250 | $47,050 | $75,300 |
| 5 Persons | $31,040 | $50,850 | $81,350 |
| 6 Persons | $35,580 | $54,600 | $87,350 |
| 7 Persons | $40,120 | $58,350 | $93,400 |
| 8 Persons | $44,660 | $62,150 | $99,400 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bainbridge Island, WA?+
The Fair Market Rent (FMR) for Kitsap County, WA is: $1389 (Studio), $1559 (1BR), $2049 (2BR), $2698 (3BR), $3181 (4BR). Actual rent at subsidized properties like Island Terrace is typically 30% of household income or less.
What size apartments are available at Island Terrace?+
Island Terrace offers the following unit types: 12 One-Bedroom, 36 Two-Bedroom units, for a total of 48 units.
What are the income limits for affordable housing in Kitsap County, WA?+
For a 4-person household in Kitsap County, WA, the income limits are: Extremely Low Income (30% AMI): $28,250, Very Low Income (50% AMI): $47,050, Low Income (80% AMI): $75,300. These limits are set by HUD and updated annually.
What is the price range for apartments in Bainbridge Island, WA?+
Based on Fair Market Rent for Kitsap County, the estimated price range is: 1-bedroom: $1559, 2-bedroom: $2049. Actual rent at Island Terrace may be lower for income-eligible households.
Who is eligible to live at Island Terrace?+
Island Terrace primarily serves persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Island Terrace?+
Island Terrace 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 Island Terrace?+
Island Terrace is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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