El Rancho Del Arte

719 E Main St, Mesa, Arizona 85203

Contact El Rancho Del Arte

El Rancho Del Arte is located in the heart of downtown Mesa, AZ. In the midst of all the city center has to offer, shops, businesses, venues, with lots of city services within a short distance all with the ease of access to the Light Rail! El Rancho Del Arte provides lots of amenities making life in the city luxurious. Monthly activities and Art Installations, a beautiful community garden and supportive services makes El Rancho Del Arte The Premier Place to Call Home!

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/1)	-	Call for Price
3 Bedroom (3/1)	-	Call for Price

Eligibility for El Rancho Del Arte

El Rancho Del Arte Details

66 two and three bedroom units.
HOME Investment Partnerships Program
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Business Center
Pool
Covered Parking
On-Site Social Services
Landscaping

Unit Amenities

Air Conditioning
Dishwasher
Microwave
Refrigerator
Oven and Range
Water Trash and Sewer Included
Washer and Dryer Included

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.