Encanto Village offers 65 beautiful apartment homes to individuals earning between 30 and 60 percent of the area median income, with eight apartment homes set aside for homeless veterans and their families. This stunning mixed-use, transit-oriented development brings high quality affordable housing and retail to the Encanto Neighborhood of the City of San Diego. National CORE is committed to creating sustainable and resource-efficient communities and designed Encanto Village for LEED Certification. The community features Energy Star appliances and light fixtures as well as high efficiency heating and air-conditioning systems. Water conservation features have been incorporated to create a California native and naturalized plant landscape. As a transit-oriented community, Encanto Village provides kiosks that display arrival and departure times of the Encanto Trolley.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom One Bath (1/1) | 550 | Call for Price |
Two Bedroom One Bath (2/1) | 753 | Call for Price |
Three Bedroom Two Bath (3/2) | 970 | Call for Price |
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.
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.