Rental Info

Application Criteria

This Community is Income Restricted. Average income of the households may not exceed the maximum income limits for the property’s program. Please speak with the Property Manager for specific information regarding these income limits. Rents are subject to change.

The followiing criteria must be met by potential residents:

 

Age Requirements: 

  • Members of Household must be 55 years of age or older.

Income Qualifications: 

  • Applicant households must earn at least 2 times the rent per month,

  • Or, applicants must have a residential history of having paid similar rent with similar income.

  • Affordable apartments have a maximum income limit so all sources of income must be disclosed and verifiable for all household members.

 

​2021 Minimum Income Units for Affordable Units:
(Monterey County - Subject to change with published allowable limits)

Percentage of Area Median Income

2 Persons

1 Person

3 Persons

4 Persons

5 Persons

30% AMI

$24,420 

$21,360

$27,480 

$30,510 

$32,970 

40% AMI

$32,560 

$28,480

$36,640 

$40,680 

$43,960 

50% AMI

$35,600

$40,700 

$45,800 

$50,850 

$54,950 

60% AMI

$42,720 

$48,840 

$54,960 

$61,020 

$65,940 

Rent Rates (Depending on income and unit type)

  • Studio/1 bath (400-568± Sq. Ft.) $428-$894

  • 1 Bedrooms/1 bath (571-747± Sq. Ft.) $455-$953

  • 2 Bedrooms/1 bath (962-989± Sq. Ft.) $537-$936

 

Must earn two times the rent. (Subject to change with published allowable limits)

Eligibility

  • Third party income verifications will be required from all income and asset sources.

  • Prior years’ income tax returns may be required as supporting documentation.

  • Income is calculated based on the applicant’s expected annual gross income including income from assets.

  • Criminal Background and Credit checks also apply.

Application

 

Click Here to Download Application