Alora

604 Richmar Ave., San Marcos, California 92069

Contact Alora

Alora is a new affordable housing community offering apartment homes for low-income families in the City of San Marcos. Alora is a unique development because it replaces a portion of a former apartment, Mariposa Apartments, and more than doubles the existing unit count. Alora replaced 40 existing, outdated apartment homes with 100 new apartment homes. Alora consists of four residential buildings with 1-, 2- and 3-bedroom apartment homes and one community building.

Amenities for Alora residents include a community building that houses a pool, barbeque area and bike parking, several tot lots located throughout the community, and laundry rooms in each building.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/1)	-	Call for Price

Eligibility for Alora

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 Marcos but actual income limits may differ for units at Alora.

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

Alora Details

100 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Tot Lot
BBQ and Picnic Area
Laundry Room
Bicycle Storage
Swimming pool
Community Center

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.