The Heatherwood was a brilliant concept in profitability by whomever conceived it. They get tax credits for permitting that YMCA on site, and far more credits still by catering to Low-Income tenants… but that doesn’t mean they have to give a discount.
They way Low-Income Tax-Credit apartments works has nothing to do with how much the residents pay, but rather, how much they earn.
Let’s say you and your spouse only earn $3,000 per month between you. Sure, the introductory rental rate of $1,005 is pretty steep, but you can swing it, and because you’re low income, the property gets a tax credit for it. Everybody wins, at least for a few months.
After that, however, the rent quickly balloons, often in ways tenants can’t imagine or understand. “How come my $1,005 apartment now costs $1,345, and it’s only been six month?”
The short answer is because that’s how they getcha. The longer answer is because they can’t pull a reasonable profit at $1,005, so rather than tell you the truth, they’d rather rope you in (whether you can afford it or not) and then later leave you to figure out how you can handle rents escalating on a 70% annualized increase.
Sound unscrupulous? Well, perhaps it is, but it’s just how Heatherwood Apartments in Mill Creek, Washington does business, year after year, tenant after tenant, hopeless hapless soon-to-evictee after the next.
This is to say nothing of the Washing/Dryer (mandatory, you can’t use your own, and theirs cost $45) or the Water bill (cost me $97 for the last month when I wasn’t even there and not a single drip flowed) and the garage (almost all are vacant, but they’re still $100 and up.)
Tags: deception, everett, fraud, mill creek, ripoff, scam, theft, washington