Huntington Villa Yorba
16000 Villa Yorba, Huntington Beach, California 92647
Contact Huntington Villa Yorba
Huntington Villa Yorba is managed by Preservation Partners Management Group, Inc..
Huntington Villa Yorba Apartments is a 198-unit development with 192 units subsidized through a HUD project-based Section 8 contract. The property is located at 16000 Villa Yorba Lane, Huntington Beach, California 92647. The development was originally constructed in 1971 and offers one, two, and three-bedroom units. All units are located within 16 two and three-story buildings. Common amenities include a basketball court, picnic area, playground, pool, community room with common kitchen, central laundry facility, and an on-site manager. Huntington Villa Yorba Apartments was acquired by PPD in March 2014 for $47,270,000. Renovations were completed in October 2014.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price |
| Two Bedroom (2/1) | - | Call for Price |
| Three Bedroom (3/1) | - | Call for Price |
Eligibility for Huntington Villa Yorba
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 Huntington Beach but actual income limits may differ for units at Huntington Villa Yorba.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
|---|---|---|---|---|---|---|
| 30% | $30,150 | $34,450 | $38,750 | $43,050 | $46,500 | $49,950 |
| 50% | $50,250 | $57,400 | $64,600 | $71,750 | $77,500 | $83,250 |
| 80% | $80,400 | $91,850 | $103,350 | $114,800 | $124,000 | $133,200 |
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 Huntington Beach but actual income limits may differ for units at Huntington Villa Yorba.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
|---|---|---|---|---|---|---|
| Very Low Income (50%) | $50,250 | $57,400 | $64,600 | $71,750 | $77,500 | $83,250 |
Huntington Villa Yorba Details
- 198 one, two and three bedroom units.
- Section 8 Project-Based Rental Assistance (PBRA)
- Low-Income Housing Tax Credit (LIHTC)
- Section 221 (d) (3)
- Section 236
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.
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