Discover Fairwinds-Redmond’s Moderate Income Program

Nov 9, Alissa Sauer

Finding the perfect senior living community that offers the comfort and care you’re looking for at the cost you need can be daunting. Fairwinds – Redmond in Redmond, Washington, understands the importance of creating a supportive and inclusive environment for seniors. That’s why we are proud to announce our Moderate Income Program, designed to provide eligible seniors with access to the high-quality amenities and services they want while keeping costs within reach. Explore what an income-qualified program is, the eligibility requirements, and how Fairwinds – Redmond is serving today’s older adults.

What is an Income-Qualified Program?

An income-qualified program, also known as an affordable housing program, is a specialized initiative to make quality senior living communities accessible to individuals with moderate incomes. These programs are typically established in collaboration with local housing authorities, finance commissions, or government agencies to ensure that seniors from various financial backgrounds can benefit from a comfortable and secure living environment. Fairwinds – Redmond’s Moderate Income Program is one such initiative supported by the Washington State Housing Finance Commission (WSHFC).

The Moderate Bond Income Program by the Washington State Housing Finance Commission (WSHFC) is an initiative designed to address affordable housing needs. This program involves the issuing of bonds by WSHFC to finance affordable multifamily housing projects. The bonds provide lower-interest-rate loans to developers, enabling them to build or rehabilitate rental housing for individuals or families with moderate incomes. The goal is to increase the availability of affordable housing options, supporting community development and ensuring housing accessibility for a broader range of residents in Washington State.

Eligibility Requirements

To become a part of Fairwinds – Redmond’s Moderate Income Program, you must meet specific eligibility criteria set by the WSHFC. The primary requirements include:

• Income Threshold: Eligibility is determined based on your income. The income limits are set by the WSHFC, ensuring that seniors with moderate incomes can participate in the program. This means that you can enjoy the comfort and amenities of Fairwinds – Redmond while keeping your monthly rent expenses in check.
• Asset Evaluation: In addition to your income, your assets are also taken into account. The program considers a percentage of your assets to determine eligibility, ensuring that those with reasonable assets can still qualify for the discounted rent.

Fairwinds-Redmond’s Income-Qualified Apartments

Fairwinds – Redmond is excited to offer a limited number of income-qualified apartments, providing older adults the opportunity to live in a vibrant community with a host of amenities and care services. One-bedroom apartments for our moderate-income program start at $3,140. 

• Comfortable Apartment Homes: The community features spacious and comfortable apartment homes, allowing residents to live in style and comfort.
• Walkable Neighborhood: Situated in the heart of Redmond, Fairwinds – Redmond offers the convenience of a walkable neighborhood, making it easy to access local amenities and services.
• Fresh Seasonal Menus: Enjoy delicious, chef-prepared meals with fresh seasonal menus that cater to your culinary preferences.
• Weekly Housekeeping: Say goodbye to the hassle of cleaning and enjoy the convenience of weekly housekeeping services.
• Concierge Services: A dedicated team is available to assist you with various requests, ensuring that you have everything you need at your fingertips.
• PrimeFit Gym: Stay active and healthy with the on-site PrimeFit Gym, promoting physical, mental, social, and emotional well-being for all residents.
• Social and Recreational Activities: Fairwinds – Redmond offers a vibrant social calendar with a wide range of activities and events designed to foster social connections and entertainment.

Discover Fairwinds – Redmond

Don’t miss your chance to take advantage of the Moderate Income Program at Fairwinds – Redmond. Call 425-558-4700 now to find out more about the open house and income-qualified apartments!