Las Palmas and Global Premier Development partnered in creating a 85-unit affordable community available to large families earning between 30% and 60% of the area median income. Located in Barrio Logan, the three-story structure has a stucco exterior with stone accents and is built around a central courtyard. Colorful murals painted by local artists cover many of the walls to tie the building to the area's rich cultural history. The building was completed in April, 2009.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
2 Bedroom (2/1) | - | Income Based |
3 Bedroom (3/1) | - | Income Based |
4 Bedroom (4/1) | - | 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 La Entrada.
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 |
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.