Ashwood Downs Apartments

Ashwood Downs Apartments

96 Affordable Units for Very Low and Low Income Families

1900 Ashwood Downs Lane SE, Olympia, Washington

  • Two- and three bedroom apartments with private balconies and patios, ranging in sizes of 992 SF to 1170 SF
  • Community club house; playground; resident and social services

Project Costs: $6.34 million
Purchase Price: $2 million in rehab ($20,000/unit)
Financing: 4%, LIHTC

  • Financed with Qualified 501(c)(3) Bonds: $6,250,000 Washington State Housing Finance Commission Multifamily Housing Revenue Bonds
  • Property Tax Exemption