New Palace Hotel Apartments

1814 5th Ave, San Diego, California 92101

Contact New Palace Hotel Apartments

New Palace Hotel is an 80 unit Low Rise SRO Apartment complex for seniors located at 1814 5th Avenue in the Banker's Hill neighborhood. (Just north of interstate 5 on 5th Ave). Common area amenities for the project include a lobby, terrace, full service commercial kitchen and dining hall, laundry room, community storage, media room, and landscaped courtyard.

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

Eligibility for New Palace Hotel Apartments

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 San Diego but actual income limits may differ for units at New Palace Hotel Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50%	$48,250	$55,150	$62,050	$68,900	$74,450	$79,950	$85,450	$90,950

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 New Palace Hotel 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

New Palace Hotel Apartments Details

80 one bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Laundry Room
Experienced Management
Landscaping

Unit Amenities

Storage

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.