Terraces Apartments

1301 Morning View Drive, Escondido, California 92026

Contact Terraces Apartments

Terraces has 1, 2, 3 and 4 bedroom apartment homes with air conditioning, patios/balconies and energy efficient refrigerators, dishwashers, and stoves. In this community you will enjoy a swimming and wading pool, jacuzzi, clubhouse, tot lots, three laundry rooms and lush landscaping.

Unit (Bd/Ba)	Ft²	Rent
60% 1BR (1/2)	606	Call for Price
60% 2BR (2/2)	812	Call for Price
60% 3BR (3/2)	1071	Call for Price
60% 4BR (4/2)	1263	Call for Price

Eligibility for Terraces Apartments

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 Escondido but actual income limits may differ for units at Terraces Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$48,250	$55,150	$62,050	$68,900	$74,450	$79,950	$85,450	$90,950
Low Income (60%)	$57,900	$66,180	$74,460	$82,680	$89,340	$95,940	$102,540	$109,140

Terraces Apartments Details

190 one, two, three and four bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Tot Lot
Basketball Court
Community Room
Business Center
Pool
Laundry Room
Covered Parking
Off-Street Parking

Unit Amenities

Air Conditioning
Dishwasher
Garbage Disposal
Cable and Satellite TV
Carpet
Patio Deck Or Balcony
Scenic View

Nearby Amenities

Close to Business District
Close to Downtown District
Close to Public Transportation
Near Hospital
Near Library
Near Park
Near Schools

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.