New Palace Hotel San Diego

About This Building

Affordable Housing Option at New Palace Hotel San Diego Overview: - New Palace Hotel San Diego offers Low-Income Housing Tax Credit (LIHTC) apartments in San Diego, CA. - These rental apartments provide an affordable housing option, supported by the LIHTC program's rent and income restrictions. LIHTC Program: - The LIHTC program encourages builders and developers to offer affordable housing to low-income individuals. - The maximum rent charged is determined based on the Area Median Income (AMI). Considerations: - Due to the AMI restrictions, the rent for this apartment may still be unaffordable for low-income individuals. - We recommend checking the current rental rates to assess affordability. Apartment Details: - New Palace Hotel San Diego offers 80 low-income apartments. - As demand is high, there may be waiting lists for these apartments. Application Process: - Please contact the apartment management directly, using the provided number, to inquire about applying and determining eligibility. - At the time of application, income from all adults intending to reside in the apartment must be included and verified. - For additional details, feel free to call and inquire further. Don't miss out on LIHTC Units: - Learn more about Low Income Tax Credit (LIHTC) units available for rent. - These units are designed specifically to cater to the needs of low-income individuals and families. Please note: This rewritten text maintains the general information from the original source while offering a different phrasing and organization.