3843 Maxson Rd, El Monte, CA 91732
Waiting List Forecast: Likely Long or Closed
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
Since this property is a Section 202 property and includes rental assistance, it will tend to have a longer waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
TELACU El Encanto is a 70-unit senior, low-income apartment community located just a few blocks away from the 605 freeway in the city of El Monte and within short driving distance to shops and restaurants. They have on-site laundry facilities, a community garden, professionally landscaped grounds, gated parking and a large community room for their residents’ enjoyment. Each apartment includes air condition/heating and a full kitchen with a stove and refrigerator as well as grab bars in the bathrooms for their residents’ convenience.
As a modern Section 202 property built after 1990, Telacu El Encanto only allows seniors aged 62 or older. Older “Legacy” 202 properties (pre-1990) do allow younger persons with disabilities. Modern 202 properties tend to be in better physical condition primarily due to age. Section 202 properties include a rent subsidy, so you will only pay 30% of your income toward rent. To qualify, you will need to earn 50% of the Area Median Income or less. These properties often include a resident services coordinator that arranges services like healthcare management, transportation, and social activities. If you are a senior or have a senior in your household, and need services to maintain independent living, this property may be good for you. Since this property participates in the HUD 202 program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $26,500 / year | $30,300 / year | $34,100 / year | $37,850 / year | $40,900 / year | $43,950 / year | $46,950 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $44,150 / year | $50,450 / year | $56,750 / year | $63,050 / year | $68,100 / year | $73,150 / year | $78,200 / year | $83,250 / year |
| 50% AMI for PBRA Units | $44,150 / year | $50,450 / year | $56,750 / year | $63,050 / year | $68,100 / year | $73,150 / year | $78,200 / year | $83,250 / year |
| 80% AMI for PBRA Units | $70,650 / year | $80,750 / year | $90,850 / year | $100,900 / year | $109,000 / year | $117,050 / year | $125,150 / year | $133,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Telacu El Encanto have a waiting list?
Telacu El Encanto probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Telacu El Encanto?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Telacu El Encanto?
Telacu El Encanto is managed by TELACU Property Management & Residental Management (TRM or TPM) headquartered in Los Angeles, California.
In addition to Telacu El Encanto, how many other affordable housing properties (and units) are there in El Monte?
In addition to Telacu El Encanto, we list 18 other affordable properties in El Monte. Learn about these properties here. Our data research shows that there are a total of 1298 affordable units in El Monte.
When was the Telacu El Encanto listing last updated?
Telacu El Encanto listing on Affordable Housing Online was last updated on 06/06/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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