Income-Qualified Apartment Homes
Trace 4001 is proud to offer all homes in our community as income restricted housing units through Seattle's Multifamily Tax Exemption (MFTE) program and Mandatory Housing Affordability (MHA) program to make high-quality apartment living more attainable in the Seattle/Othello community. As well, we are proud to partner with Amazon and their Housing Equity Fund.
Application Process
To qualify for these programs, your household must meet specified income criteria. This varies based on household size and the desired number of bedrooms.
After completing Thrive's standard application and screening process, the Trace 4001 team will certify that your household income is eligible for the program associated with the home you've selected. If approved, your income-qualified rent will be capped at a maximum amount for the length of your lease term.
Affordable Housing Income Limits at Trace 4001
At Trace, we offer affordable homes at a wide range of AMI limits for programs including MFTE, MHA, and more:
40% AMI
50% AMI
60% AMI
70% AMI
75% AMI
80% AMI
*Household size limits and AMI % determined by unit type. For all programs, additional household sizes may qualify dependent on unit type/availability.
Sample of Affordable Layouts at Trace 4001
* Total Monthly Price includes base rent, all mandatory monthly charges, and any tenant-selected optional fees. It excludes variable or usage-based charges and any required charges due at or prior to move-in or at move-out. Estimated Security Deposit may vary based on applicant screening results but will not exceed the maximum permitted by applicable law. Certain charges may be subject to tax. Some fees may not apply to affordable units. All fees are governed by the terms of the application and/or lease agreement. Prices, fees, and availability are subject to change without notice. Resident is responsible for damages beyond ordinary wear and tear. Resident may be required to obtain and maintain renter’s insurance and establish and maintain utility accounts as specified in the lease. Additional fees may apply as detailed in the application and/or lease agreement, available upon request prior to applying.
Pricing, deposits, square footage, amenities and floor plans may vary. Restrictions may apply.
