About our program:
The Reserve at Lynnwood provides rent-restricted housing for residents whose income does not exceed the maximum allowable income for their household size.
The total annual income must be at or below the following income limits depending on number of occupants the in the household*.
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Qualifying for our community:
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:
Screening application: The screening application 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 the screening application is approved, 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 welcomed 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.
The current maximum allowable monthly rents** as established by Washington State Housing Finance Commission (WSHFC) are:
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*Reflects Snohomish County annual median income and rent limits effective 5/14/19.
**Posted rents are subject to change at any time prior to a rental agreement being executed