Montecito Village

1464 Montecito Road, Ramona, California 92065

Contact Montecito Village

Just off Main Street on Montecito Road, Montecito Village is an affordable, community offering one, two, three, and even four bedroom apartment homes with private patios and balconies. Our residents at Montecito Village enjoy the use of the community room with comfortable seating and pool table, as well as computer center and large picnic and grass area. Within walking distance are banks, post office, grocery store, restaurants, and shopping. The Senior Center is 1.5 miles away. Professionally managed by Madrona Ridge Residential, residents can count on their Resident Services Coordinator for information and twenty-four-hour emergency maintenance response from the maintenance team.

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

Eligibility for Montecito Village

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 Ramona but actual income limits may differ for units at Montecito Village.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$28,950	$33,100	$37,250	$41,350	$44,700	$48,000	$51,300	$54,600
50%	$48,250	$55,150	$62,050	$68,900	$74,450	$79,950	$85,450	$90,950
80%	$77,200	$88,200	$99,250	$110,250	$119,100	$127,900	$136,750	$145,550

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 Ramona but actual income limits may differ for units at Montecito Village.

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

Montecito Village Details

70 one, two, three and four bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Community Room
Computer Room
24 Hour Maintenance
Pool Table
Picnic Area

Unit Amenities

Private Patio and Balcony

Nearby Amenities

Near Grocery
Near Post Office
Near Bank
Near Shopping
Near Restaurants

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.