In order to provide affordable housing to our community, all residents must meet certain criteria. This means your income cannot exceed a certain amount for your household size. Villas at Lakewood provides rent-restricted housing for residents whose income does not exceed the maximum allowable income for their household size.
Please note, select 3-bedroom homes at this community require a large household set-aside, meaning the number of occupants in the home must be 4 or more in order to be eligible to lease the unit. Please contact leasing staff prior to submitting an application to determine your eligibility.
The total annual income must be at or below the following income limits below depending on number of occupants in the home*.
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There are (2) parts of the application and qualification process which must be met prior to being approved for move-in, these are: (1) Screening application and (2) Income/asset verification for program eligibility. Each part of the application process is outlined below:How to qualify to live here:
Screening process: The screening process includes a credit, criminal, and landlord reference check. Please note that a screening fee of $40 per household member 18 years of age and above will be due at the time of the application and is non-refundable. Prior to submitting your screening application, please review our screening criteria.
Income verification and eligibility: After each prospective household member has passed the Screening Process, all applicants will be required to complete the REA questionnaire and, accompanying eligibility forms. This process is completed to ensure that the total household income does not exceed the maximum allowable income for the household size. All household members must income qualify at time of move-in. Each household member must provide documentation establishing their eligibility including but not limited to, a government issued identification card, birth certificate for minors under the age of 18, student status, and income documents. Most households comprised of full time students will not qualify. Although some exceptions may apply. Every household is still welcome to complete an application, and ask about the student rule exceptions.
All sources and amounts of current, and anticipated annual income expected to be derived during the twelve months after move-in must be collected, verified, and reviewed by our compliance department. Our compliance department will review the household file to certify eligibility with the program. Our compliance department has a legal responsibility to ensure that all residents comply with the maximum allowable income limits at the time of move-in and are required to annually re-certify each household.
*Reflects Snohomish County annual median income effective 05/01/2020.
**Posted rents are subject to change at any time prior to a rental agreement being executed