FPI Management Reaches $7 Million Settlement with Washington State Over Senior Housing Practices

Washington State Attorney General Bob Ferguson has secured a $7 million settlement with California-based property management company FPI Management and the owners of five low-income apartment complexes in Western Washington. The settlement resolves allegations of unfair and deceptive practices impacting over 1,000 vulnerable senior tenants.

Allegations of Deceptive Practices

The lawsuit, initially filed in June 2025 , alleged that FPI and the property owners failed to adequately disclose how rent would be calculated and increased, misrepresented the quality of apartment units, and overstated the availability and quality of amenities like pools and fitness areas. Concerns were as well raised regarding safety at the properties.

The properties marketed themselves as “low-income” units for tenants aged 55 and older, participating in the Low-Income Housing Tax Credit Program (LIHTC). This program provides tax credits to property owners in exchange for reserving units for tenants below a certain income threshold.

Terms of the Settlement

Under the terms of the consent decree, FPI and the property owners will:

• Pay $2.5 million in restitution to impacted tenants and fund future Consumer Protection Act enforcement.
• Invest $4.5 million over four years in capital improvements to four of the properties.
• Address repairs and security issues at the properties.
• Inform tenants about rent calculation methods.
• Provide staff training and revise policies.
• Replace misleading advertisements.
• Disclose the operational status of amenities to prospective tenants.

The settlement also includes ongoing monitoring to ensure compliance with the Consumer Protection Act.

Attorney General’s Statement

“Washington renters, particularly seniors with limited incomes, deserve honesty and integrity from their landlords,” said Attorney General Nick Brown. “We will continue to enforce the Consumer Protection Act against those who deceive Washingtonians.”

FPI Management manages residential properties in 21 states.