Radcliffe Place is a luxurious and inviting place to live! The best news is that it is surprisingly affordable. Radcliffe Place is the result of a unique public/private sector partnership through which government agencies, commercial lenders, and private entities are investing in affordable housing. The Housing Tax Credits, allocated by the Washington Department of Commerce, allow Radcliffe Place to offer the highest quality of senior retirement community living at prices well below the market rates. Apartments are unfurnished, with no buy-ins, membership, or endowment fees.
Radcliffe Place rents apartments to residents 62 years of age or older, whose income does not exceed the limits listed below. This program is called the Federal Low-Income Tax Credit Program and is administered by the Washington Department of Commerce. Rent is regulated under this program.
Who is Eligible for Radcliffe Place?
Households have to be income-qualified in order to lease an apartment at Radcliffe Place.
The eligibility is determined by sources such as Social Security, pensions, interest earned from CD's, bank accounts, and other similar assets.
Income limits are based upon 60% of the King County annual median income.
Maximum Household Income (Income + Asset Income = Household Income):
All income sources must be verified. The application process can take up to three weeks to verify the financial information, however, many applications are processed in much less time. All records are kept confidential.