Valencia Pointe is managed by Metropolitan Area Advisory Committee on Anti-Poverty (MAAC Project).
Valencia Pointe is MAAC’s newest affordable housing community located in the City of San Diego. The development has 102-units with 2- and 3-bedroom apartments for households earning between 40-80 % of area median income (AMI).
Residents can enjoy the site’s amenities that include: a community room, computer lounge, playground, large outdoor patio area with a covered courtyard for gatherings, events, and meetings.
The property provides connectivity to all essential community amenities such as Valencia Park Elementary and Nye Elementary Schools, health care, parks, grocery stores, a library and high-quality mass transit (967 bus route is closest to the site).
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Two Bedroom (2/1) | - | Call for Price |
Three Bedroom (3/1) | - | Call for Price |
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 Valencia Pointe.
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.