Last-Modified: 2023-01-20 07:03:36
Montecito Village Family Community is a HUD Apartment. HUD residents usually pay 30% of their gross income for rent. The rent amount, less approved HUD deductions such as medical and child care expenses, and other allowances, includes a utility allowance. HUD Residents also may choose to pay what is known as flat rent. The HACC works with applicants to determine which rent arrangement is best for them.
Median apartment rental rate in this zip code: $1,616
Population in zip code: 37,505
Media age of those living in this zip code: 40.4
Media household income of those living in this zip code: $98,366
Average home value in this zip code: $514,011
Montecito Village is an affordable family community comprised of 1, 2, 3 and 4-bedroom apartments. The property serves low to very low-income households. Tax-exempt bond financing was provided by Prudential Mortgage Capital. Credit enhancement was provided by Freddie Mac. Low Income Housing Tax Credits were acquired by Union Bank. San Diego County provided a favorable ground lease extension which was a key to the project's finance structure.
Renovation highlights include: new roofs, paint, energy efficient windows and patio doors, fencing, HVAC systems, signage, and improvements to drainage, landscaping, paving and site accessibility. Kitchens and bathrooms received new cabinets, countertops, appliances, plumbing fixtures, flooring and energy efficient lighting. Additionally, a new community room, computer learning center, picnic area and leasing office were added to enhance the lives of the residents.
Section 8 units are available for qualified households.
Most apartments these days have waiting lists. We provide this listing so you can contact them directly at the number provided to see if you can apply and qualify to live here.
If you find this listing is no longer low income, or the phone number is incorrect, please contact us using the online form below.
Type: One Bedroom Available
Type: Two Bedroom Available
Type: Three Bedroom Available
Type: Four Bedroom Available
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* Mileage is based as direct lines from geocoded point to point (as the crow flies). Please check google maps for exact directions and road miles.
Persons In Family Household | Poverty Guideline |
For Households with more than 8 persons, add $4,480 for each additional person. | |
1 | $14,580 |
2 | $19,720 |
3 | $24,860 |
4 | $30,000 |
5 | $35,140 |
6 | $40,280 |
7 | $45,420 |
8 | $50,560 |
*Alaska and Hawaii have different rates for HUD federal poverty guidelines.
These numbers above represent 100% of the Federal Poverty Rate. In order to get in some apartments the 100% rate changes to things like 200%. In these cases, you will only need to multiply the rate in each category by 2.
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