Cornerstone Apartment

9541 W. Ball Rd, Anaheim, California 92804

Contact Cornerstone Apartment

Las Palmas and Payne Development Corporation have joined forces yet again in building this 49-unit community in Anaheim, California. This project consists of four (4) attached three-story buildings, with a two-story recreation building attached to the west end. Construction was completed in January of 2009 and units are available to families earning between 30% and 50% of the area median income.

Eligibility for Cornerstone Apartment

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Anaheim but actual income limits may differ for units at Cornerstone Apartment.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$50,250	$57,400	$64,600	$71,750	$77,500	$83,250	$89,000	$94,750
Low Income (60%)	$60,300	$68,880	$77,520	$86,100	$93,000	$99,900	$106,800	$113,700

Cornerstone Apartment Details

49 bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Resident lounges
Laundry Facilities
Computer Room
Wireless Internet Access
Resident Activities
Computer Teacher

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.