Yorba Linda Palms Apartments is managed by Meta Housing Corporation.
Yorba Linda Palms Apartments is a family apartment community located in the heart of downtown Yorba Linda. Meta Housing Corporation developed the property in 2008 as a low density community, with only 44 units (made up of two- and three-bedroom floor plans) on 2.2 acres of land.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Two Bedroom (2/1) | - | Call for Price |
Three Bedroom (3/1) | - | Call for Price |
The waiting list is open and is about 3-5 years long.
Last updated on November 5th, 2018Generally, 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 Yorba Linda but actual income limits may differ for units at Yorba Linda Palms Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $50,250 | $57,400 | $64,600 | $71,750 | $77,500 | $83,250 |
Low Income (60%) | $60,300 | $68,880 | $77,520 | $86,100 | $93,000 | $99,900 |
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.