Long Beach Regal (The Annex) is managed by Western Seniors Housing (WSH Management).
Long Beach Regal (The Annex) is a 39-unit development that is a component of the 200-unit Long Beach Senior Arts Colony.
Marking the third generation of Meta Housing’s innovative art colony concept, the Long Beach Senior Arts Colony is a phased 200-unit multifamily community that will deliver a fully arts-enriched lifestyle to seniors ages 55+. Through this unique concept, Meta Housing Corporation is helping seniors to redefine retirement and improve their overall well-being by discovering and rediscovering their passions through free, on-site professional arts programs.
The community was financed with 9% tax credits, and was also funded through the State of California’s Prop 1C Infill Infrastructure Grant and Transit Oriented Development program.
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 Long Beach but actual income limits may differ for units at Long Beach Regal (The Annex).
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $44,150 | $50,450 | $56,750 | $63,050 | $68,100 | $73,150 | $78,200 | $83,250 |
Low Income (60%) | $52,980 | $60,540 | $68,100 | $75,660 | $81,720 | $87,780 | $93,840 | $99,900 |
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.