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555 E STREET APARTMENTSIncome-based apartments (LIHTC tax credit · 50% AMGI AMI) in Washington, District of Columbia
555 E STREET APARTMENTS — Income-based apartments (LIHTC tax credit · 50% AMGI AMI) in Washington, District of Columbia Street View
Home
Affordable Housing
District of Columbia
Washington
555 E STREET APARTMENTS
Income-based apartmentsLIHTCSenior housingAccessible housingFormerly homelessFamily housing50% AMINew construction

555 E STREET APARTMENTSIncome-based apartments (LIHTC tax credit · 50% AMGI AMI) in Washington, District of Columbia

555 E STREET, SW, WASHINGTON, DC 20024

Best fit

Seniors

Rent

Est. $2052 - $4279/mo

Based on local HUD estimates

Floor plans

Call for layouts

Total Units

194

Year Built / Opened

2020

Waitlist expected. Click Check Eligibility below to generate your ready-to-print application materials so you're first in line.

555 E STREET APARTMENTS — Income-based apartments (LIHTC tax credit · 50% AMGI AMI) in Washington, District of Columbia Street View

Neighborhood & Amenities

Walk Score®

84/100• Very Walkable

Transit Score®

95/100• Rider's Paradise

Bike Score®

86/100• Very Bikeable

Walk Score®, Transit Score®, and Bike Score® are trademarks of Walk Score and Redfin.

How Walk Score works

Nearby places

Nearest grocery store and school

Grocery store

Safeway, about 0.42 miles away

School

Washington Global PCS, about 0.05 miles away

How rent works

What this means for you

This property includes LIHTC tax credit · 50% AMGI AMI. Rent rules can change by unit, so ask the office which program applies to the apartment you want.

LIHTC: These are income-based apartments with rent limits tied to the local Area Median Income (AMI) — not market-rate rent. The local 4-person AMI for the 20024 zip code is $170,162 (2024 data). Rent limits are set from that number. If this property also has rental assistance, some tenants may pay about 30% of adjusted income.

How income limits work

To qualify for these apartments at 555 E STREET APARTMENTS, your total household income must fit the local Area Median Income (AMI) limits for Washington and the 20024 zip code. The exact rules can vary by program and by household size.

This property includes LIHTC tax credit · 50% AMGI AMI. Check the program labels on this page and confirm the exact unit rules with management before you apply.

Local Median (1-Person)

$119,113

Local Median (4-Person)

$170,162

Based on the latest 2024 census data, the figures above show the local median earnings for this area. Management will generally require your household income to be at or below 50% of these median figures.

Nearby rent estimates

HUD's Small Area Fair Market Rent, or SAFMR, is a ZIP-code-based fair market rent estimate. It can help you compare what different bedroom sizes may cost in this area.

Bedroom90%SAFMR110%
Studio$2,052$2,280$2,508
1 BR$2,115$2,350$2,585
2 BR$2,358$2,620$2,882
3 BR$2,979$3,310$3,641
4 BR$3,501$3,890$4,279

These values are only a comparison tool. They do not replace the property's actual rent, and they do not guarantee what you will pay unless your program uses SAFMR directly.

Services & Accessibility

Wheelchair & Mobility AccessVerify

Not explicitly confirmed. Call ahead to verify elevator availability and doorway widths before applying.

Who can live here

Income ceiling: 50% AMGI Elderly designated Disability designated Family housing Formerly homeless New Construction Income-qualified only
How do Tax Credit Apartments work?

555 e street apartments is a Low Income Housing Tax Credit (LIHTC) apartment community in Washington, District of Columbia. LIHTC properties — also called Section 42 housing or tax credit apartments — are income-restricted rentals developed with federal tax credits administered by state Housing Finance Agencies (HFAs). Qualifying residents pay rent based on a percentage of the Area Median Income (AMI) for Washington. Based on 2024 data, the local AMI for the 20024 zip code is $119,113 for a single person and $170,162 for a 4-person household. These figures make Washington tax credit apartments among the most affordable rentals available without a Section 8 voucher.

To qualify, your total household income must fall at or below the income limit set for this property — currently 50% AMGI of AMI. That works out to approximately $85,081/yr for a 4-person household in the 20024 area. Unlike public housing, LIHTC income-restricted apartments are privately managed and require you to apply directly to the property. Rent is fixed at a discounted rate tied to AMI — not to your specific income — so your monthly payment stays predictable.

By law, LIHTC properties must remain rent-restricted for a minimum of 30 years. 555 e street apartments was placed in service around 2020, keeping rents income-restricted at least through ~2020.

Before You Apply

  • Confirm the age rule and income limit

    You must be of qualifying age. Your income must fall within HUD's Area Median Income (AMI) limits for Washington. Based on the 20024 zip code AMI (2024), this property's 50% income limit is approximately $59,557/yr for 1 person / $85,081/yr for a 4-person household.

  • Ask which unit types are actually available

    This listing shows historically available units. Ask directly if a unit is open today.

  • Verify accessibility before paying any fees

    If you use a wheelchair or walker, confirm elevator access and doorway widths before submitting a paid application.

Did you know?LIHTC properties have specific maximum rent limits based on your income and the local Area Median Income (AMI). Read the full guide

Questions People Ask

What are the local income limits around 555 e street apartments?OpenClose

Income limits are calculated against the Area Median Income (AMI) for the 20024 zip code. Based on recent Census data, the local median income is $119,113 for a single person, and $170,162 for a four-person household. Your specific income cap depends on the exact subsidy program rules applied by management.

To view how these median figures translate to specific income caps (e.g., 30%, 50%, or 60% AMI limits) for all household sizes, check out the AMI Calculator .

!Check Your Qualification Instantly

Our eligibility tool automatically cross-references your household size and gross income with the local AMI database for this property to determine your fit.

Apply Now

Verify your eligibility and send a priority profile directly to management.

Takes 30 seconds. 100% free

More Tax Credit & Income-Restricted Apartments Near Washington

555 E STREET APARTMENTS is one of many income-restricted properties serving Washington and the surrounding area. LIHTC tax credit apartments and income-restricted housing near me are in high demand — applying to multiple rent-restricted apartments in Washington at once improves your chances of finding an available income-based apartment.

HENSON RIDGE I
Income-Based RentWaitlist

Henson Ridge I

1804 Alabama Ave Se

Subsidized

Rent-Restricted Units

58 of 194 total

income-restricted tax credit apartments

Rent-Restricted Until

~2020

Minimum 30-year LIHTC legal commitment

Income Limit

50% AMGI

Your household income must be at or below this % of Area Median Income — roughly $85,081/yr for a 4-person household in 20024 (2024 data)

Designated For

Elderly · Persons with Disabilities · Families · Formerly Homeless

May have preference policies — confirm with management

Go to AMI Calculator
What are the reported fair market rent amounts for 555 e street apartments?OpenClose

For 20024, the reported fair market rent amounts are Studio $2,280 ($2,052 / $2,508); 1 BR $2,350 ($2,115 / $2,585); 2 BR $2,620 ($2,358 / $2,882); 3 BR $3,310 ($2,979 / $3,641); 4 BR $3,890 ($3,501 / $4,279). These figures are reference points used in housing assistance programs and voucher calculations, but they do not guarantee your lease rent.

Bedroom90% StandardSAFMR110% Standard
Studio$2,052$2,280$2,508
1 BR$2,115$2,350$2,585
2 BR$2,358$2,620$2,882
3 BR$2,979$3,310$3,641
4 BR$3,501$3,890$4,279

The 90%, 100%, and 110% columns show the range around the base SAFMR value for each reported bedroom size. If you are using a voucher or other subsidy, ask management which standard they use for your unit size.

How far is the nearest grocery store from 555 e street apartments?OpenClose

Safeway is about 0.42 miles away from 555 e street apartments.

How far is the nearest school from 555 e street apartments?OpenClose

Washington Global PCS is about 0.05 miles away from 555 e street apartments.

What unit types are reported at 555 e street apartments?OpenClose

This record reports: Call for layouts. Availability can change rapidly, so ask management which layouts are currently open and whether any accessible units are available.

What are the income limits to qualify at 555 e street apartments?OpenClose

555 e street apartments is a Low Income Housing Tax Credit (LIHTC) property. HFA records indicate the income ceiling is set at 50% AMGI. This means your household income must be at or below that percentage of the Area Median Income (AMI) for washington. Based on 2024 Census data, the local median income for the 20024 zip code is $119,113 for a single person and $170,162 for a 4-person household. At the 50% AMGI limit, the approximate income threshold is $59,557/yr for a 1-person household / $85,081/yr for a 4-person household. Management will verify income during the application process.

To view the specific income caps (e.g. 30%, 50%, or 60% AMI limits) for all household sizes, check out the AMI Calculator .

!Check Your Qualification Instantly

Our eligibility tool automatically cross-references your household size and gross income with the local AMI database for this property to determine your fit.

Go to AMI Calculator
How long will 555 e street apartments remain affordable housing?OpenClose

LIHTC properties are required by law to remain affordable for a minimum of 30 years from the date they were placed in service (555 e street apartments was placed in service around 2020, so rent restrictions are secured at least until ~2050). After that period, the owner can choose to exit the program or renew. Ask management about the property's current compliance end date.

Is 555 e street apartments a new building?OpenClose

Yes. HFA records classify this as a new construction LIHTC property, meaning units were purpose-built as affordable housing rather than converted from existing stock. New construction properties often feature modern layouts and energy-efficient systems. It's worth asking management about the age of appliances and any known maintenance issues before applying.

Who is 555 e street apartments designed for?OpenClose

According to HFA records, this LIHTC property is specifically designated to serve elderly residents, persons with disabilities, formerly homeless individuals, families. This means it may have specialized services, accessible units, or preference policies that prioritize these groups. Contact management to understand their current preference and waitlist selection process — being in a designated group does not guarantee priority without a formal application.

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Data Provenance

Sourced from LIHTC Database. Last updated: Jun 28, 2026.Read our methodology.