About This Property
Magnolia Villa offers 21 units in Lacey, Washington, with 20 units designated as low-income housing serving families and disabled residents. The property includes 11 two-bedroom units, 7 three-bedroom units, and 2 four-bedroom units. Built in 2000 and operated by a non-profit owner, this property receives 9% Low-Income Housing Tax Credit financing.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Thurston 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 | $1,341 |
| 1 Bedroom | $1,554 |
| 2 Bedroom | $1,802 |
| 3 Bedroom | $2,531 |
| 4 Bedroom | $3,058 |
Income Limits - Thurston County, WA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,950
- Very Low (50%)
- $31,600
- Low (80%)
- $50,550
- Extremely Low (30%)
- $21,650
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $24,350
- Very Low (50%)
- $40,600
- Low (80%)
- $64,950
- Extremely Low (30%)
- $27,050
- Very Low (50%)
- $45,100
- Low (80%)
- $72,150
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,750
- Low (80%)
- $77,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $52,350
- Low (80%)
- $83,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $55,950
- Low (80%)
- $89,500
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $59,550
- Low (80%)
- $95,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,950 | $31,600 | $50,550 |
| 2 Persons | $21,650 | $36,100 | $57,750 |
| 3 Persons | $24,350 | $40,600 | $64,950 |
| 4 Persons | $27,050 | $45,100 | $72,150 |
| 5 Persons | $31,040 | $48,750 | $77,950 |
| 6 Persons | $35,580 | $52,350 | $83,700 |
| 7 Persons | $40,120 | $55,950 | $89,500 |
| 8 Persons | $44,660 | $59,550 | $95,250 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lacey, WA?+
The Fair Market Rent (FMR) for Thurston County, WA is: $1341 (Studio), $1554 (1BR), $1802 (2BR), $2531 (3BR), $3058 (4BR). Actual rent at subsidized properties like Magnolia Villa is typically 30% of household income or less.
What size apartments are available at Magnolia Villa?+
Magnolia Villa offers the following unit types: 11 Two-Bedroom, 7 Three-Bedroom, 2 Four-Bedroom units, for a total of 21 units.
What is the price range for apartments in Lacey, WA?+
Based on Fair Market Rent for Thurston County, the estimated price range is: 2-bedroom: $1802, 3-bedroom: $2531. Actual rent at Magnolia Villa may be lower for income-eligible households.
What are the income limits for affordable housing in Thurston County, WA?+
For a 4-person household in Thurston County, WA, the income limits are: Extremely Low Income (30% AMI): $27,050, Very Low Income (50% AMI): $45,100, Low Income (80% AMI): $72,150. These limits are set by HUD and updated annually.
How do I apply for housing at Magnolia Villa?+
Magnolia Villa 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 Magnolia Villa?+
Magnolia Villa is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Magnolia Villa?+
Magnolia Villa primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the HUD inspection score for Magnolia Villa?+
Magnolia Villa has a HUD inspection score of 88 out of 100, which is considered good. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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