Pioneer Village Senior Apartments

816 East Sharon Avenue, Moses Lake, WA 98837
Status: Available
Year Built: 2008
Price: UNRPRICED OFFERING
For more information please contact:
brandon@lihtcadvisors.com
# of Units: 84
# of Buildings: 1
# of Stories: 3
Rentable SF: 54,338
Lot Size: 2.47 Acres
Density: 34.01 Units/Acre

Highlights:

  • Senior LIHTC Community for Residents 55 and Older, with an Abundance of Resident Amenities and Activities
  • Moses Lake is Home to a Diverse Employer Base Including Major Manufacturing Facilities such as BMW, SGL’s 100 Million Dollar Ultra-Light Weight Carbon Fiber Plant, Simplot’s Potato Processing Plant Which Serves the US and International Marketplace, Genie Work Platforms, and Guardian Industries
  • Grant County AMI is Projected to Grow from $54,700 in 2019 to $74,700 in 2020
  • Software Companies such as Yahoo!, Dell, and Microsoft have Made Grant County Home to Data Processing, Storage, and Programming Facilities- World-class Technology Companies have Developed Server Farms Across Grant County Due to the Mass Availability of Open Land and Low Cost of Electricity

Description:

Pioneer Village Senior Apartments is an 84-unit affordable housing community for seniors 55 and older located in Moses Lake, WA. Residents enjoy access to local dining, pharmacies, healthcare facilities, and major shopping areas in the neighbouring town of Cascade Valley, WA.

The property was built and placed in service in 2008 under the Section 42 Low Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires all units to be rented to income qualifying residents earning no more than 60% of Area Medium Income (AMI) limits, which are provided by the Washington State Housing Finance Commission.

Residents benefit from community amenities such as two on-site laundry facilities, an activity/social room with a full kitchen, an elevator, a movie room, business center, fitness room, game room, on-site manager, and a full-service salon. Pioneer Village offers a variety of one and two bedroom floorplans, some of which include a patio/balcony, and all include a fully equipped kitchen with microwave and electric appliances.

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