In June 2008, Las Palmas, in partnership with MCA Housing Partners (formerly Simpson Housing Solutions), completed construction of a 42-unit affordable family apartment complex in San Diego, California. The community is affordable to families earning between 30 % – 50% of the area median income.
Gateway Apartments is located on Logan Avenue and 16th Street, adjacent to the East Village section of the Centre City Redevelopment Project Area, and contributes to the ongoing revitalization of the Barrio Logan neighborhood. To help preserve the area’s appearance and culture, local artists were recruited to design murals and create ceramic tile art.
The two and three bedroom units feature interior entrances, plush carpeting, built-in kitchen appliances, cable TV hook-ups and free high-speed internet service. The complex also includes a community building with a clubhouse and multi-purpose room for social service programs, full-service kitchen, a children’s play area, a media center with large screen TV, video and DVD, a computer learning center with computer, fax and business services for residents.
Gateway is located near public transit, schools, childcare, shopping and recreational facilities. It is only four miles from the world-renowned San Diego Zoo and less than one mile from San Diego’s famous PETCO Park, home of the San Diego Padres.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
2 Bedroom (2/1) | - | Income Based |
3 Bedroom (3/1) | - | Income Based |
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 San Diego but actual income limits may differ for units at Gateway I Family Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $48,250 | $55,150 | $62,050 | $68,900 | $74,450 | $79,950 |
Low Income (60%) | $57,900 | $66,180 | $74,460 | $82,680 | $89,340 | $95,940 |
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.