Valley 206, located on a beautiful 12 acre parcel in the City of Spokane Valley. Is conveniently located near I-90. The Valley 206 community consists of 207 1 and 2 bedroom apartments. Amenities include large landscaped open spaces, dishwashers, air conditioning, an indoor pool and spa, a work-out facility, community kitchen, basketball court, and playground. Carports, garages and open parking spaces are also available.
Valley 206 was acquired and newly remodeled by Wilbur and Cook Affordable Portfolio LLLP in 2017, using Low-Income Housing Tax Credits (LIHTC) and tax exempt bonds. This $19 million project will extend the affordability of the project for an additional 40 years. It was made possible thanks to the sponsors of the project, which include: the Spokane Housing Authority, equity investor Boston Capital, and bond and construction financing provided by Banner Bank.
Tenancy is restricted to households with incomes at or below 60% of the Area Median Income. Rents are also restricted by LIHTC rent limits.