Santa Monica New Hope Courtyard is managed by TELACU Property Management & Residental Management (TRM or TPM).
Santa Monica New Hope Apartments is a 25-unit low-income apartment community located just a short distance away from the 10 freeway in the city of Santa Monica and within walking distance to shops, restaurants, movie theaters, the beach and public transportation. They have professionally landscaped grounds, gated parking and a large community room for their residents’ enjoyment. Each apartment includes air conditioning/heating, a laundry washer/dryer and a full kitchen with a stove and refrigerator as well as grab bars in the bathrooms for their residents’ convenience.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Two Bedroom (2/1) | - | 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 a HUD rental assistance program in Santa Monica but actual income limits may differ for units at Santa Monica New Hope Courtyard.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
30% | $26,500 | $30,300 | $34,100 | $37,850 |
50% | $44,150 | $50,450 | $56,750 | $63,050 |
80% | $70,650 | $80,750 | $90,850 | $100,900 |
Since this property was built or renovated using funding from HUD's current Section 811 Supportive Housing for Persons with Disabilities program or legacy Section 202 program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one adult member with a disability. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.