Villa La Esperanza Apartments

131 S Kellogg Ave, Goleta, California 93117

Contact Villa La Esperanza Apartments

Villa la Esperanza Apartments in Goleta increased from 75 rental units to 83 units that vary in size from two to five bedrooms each. Also a part of the rehabiliation, PSHH construct a new 5,000-square-foot, two-story community building that includes a learning center, Frank Renda Community Room, community kitchen, laundry facilities, two playgrounds and barbecue area. New energy and water saving features include synthetic turf, water conserving hardscape and landscaping, “smart” water controls, new drip irrigation system, and replacement of external lighting with energy-saving LED fixtures.

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/1)	-	Call for Price
3 Bedroom (3/2)	-	Call for Price
4 Bedroom (4/2)	-	Call for Price
5 Bedroom (5/2)	-	Call for Price

Eligibility for Villa La Esperanza Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Goleta but actual income limits may differ for units at Villa La Esperanza Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person	9 Person	10 Person
30%	$31,050	$35,500	$39,950	$44,350	$47,900	$51,450	$55,000	$58,550	$0	$0
50%	$51,800	$59,200	$66,600	$73,950	$79,900	$85,800	$91,700	$97,650	$0	$0
80%	$82,950	$94,800	$106,650	$118,500	$128,000	$137,500	$146,950	$156,450	$0	$0

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 Goleta but actual income limits may differ for units at Villa La Esperanza Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person	9 Person	10 Person
Very Low Income (50%)	$51,800	$59,200	$66,600	$73,950	$79,900	$85,800	$91,700	$97,650	$0	$0

Villa La Esperanza Apartments Details

75 two, three, four and five bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)
Section 236

Property Amenities

Playground
BBQ and Picnic Area
Community Room
Laundry Facilities
Community Kitchen

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

Section 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.