Set Aside
The Program
Income Qualified Reserved Units
Canterbury Manor was originally financed with tax-exempt bonds through the Washington State Housing Finance Commission (WSHFC). In return, Canterbury Manor’s owner, Episcopal Retirement Communities agreed to reserve a percentage of units for low-income households. The program is completed, however, the Set Aside Program is still here! Those qualifying for the Set Aside Program may receive a discount on rent.
There are two categories of low-income reserved units for which income eligibility must be verified: Qualified Residents, a household with a combined gross income of no more than 80% of the area median income, and Additionally Qualified Residents, a household with a combined gross income of no more than 50% of the area median income. In the Qualified category, no less than 7 units must be set aside, and in the Additionally Qualified category, no less than 9 units must be reserved.
If you feel that you may qualify for one of these programs, please see the Administrator.
Qualification Process
There are two steps to apply for a Set Aside Unit:
- Submit required income verification materials prior to moving into Canterbury Manor for eligibility determination, or submit required income verification materials after establishing residency at Canterbury Manor.
- Review the material including all documentation with the Administrator and possibly with the CFO.
Special Conditions
- Since there are a limited number of low-income set aside openings, a wait list may be established.
- Qualifying income levels are determined by the WSHFC and are adjusted on a yearly basis.