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Affordable Housing Program for Moderate Incomes Overview: - Total Apartment Units: 16 - Total Low Income Apartments: 16 - Family Apartments: Available - Years In Service Since: 2008 Income Eligibility: - This program is designed for individuals and families with moderate incomes. - Qualifying individuals can benefit from below market rents. - It is important to note that this is not a subsidized housing program. - Each resident is responsible for paying their full amount of rent per month. - Rental amounts are based on pre-set income limits in the geographic area, not individual household income. - To be income eligible, the total household 'gross' income must be less than the pre-set income limit for the area. - Eligibility and maximum income restrictions do apply. - Rental Assistance may be available; please inquire with the manager for more information on income limits, current rental rates, and subsidy programs at this property. Waiting Lists: - Many low income apartments have waiting lists. - It is advisable to get on as many waiting lists as possible. - Some lists have extensive wait times, sometimes spanning years. - Contact the apartments directly for openings or open waiting lists. Apartment Rates: - Current apartment rates can be obtained from many listing pages. - Most HUD listings do not have published rates. - Rates are calculated based on 30% of the renter's adjustable gross income. - Contact the apartments to determine if you qualify for income-based rent.
525 Orange Avenue, Coronado, CA 92118
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