Island Village Apartments

1245 Market St, San Diego, California 92101

Contact Island Village Apartments

A mixed-use development with 280 units along Market Street in the East Village, Island Village provides studios for single, low-income adults working in Downtown San Diego, along with 3,000 square feet of commercial lease space on the ground floor. Alliant Holdings owns and manages the property and HDP is the nonprofit management partner.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Income Based

Eligibility for Island Village Apartments

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 Island Village Apartments.

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

Island Village Apartments Details

280 studio bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Laundry Facilities

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.