501 Nightmist St., Irvine, CA 92618
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. 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.
Salerno is an affordable community offering one, two, and three bedroom units for residents earning between 30% and 80% of area median income. For more information, please contact their management office.
Because Salerno Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Rent is Based On Your Income† |
| 2 Bedroom (2/2) | - | Rent is Based On Your Income† |
| 3 Bedroom (3/2) | - | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $30,150 / year | $34,450 / year | $38,750 / year | $43,050 / year | $46,500 / year | $49,950 / year |
| 50% AMI for LIHTC Units | $50,250 / year | $57,400 / year | $64,600 / year | $71,750 / year | $77,500 / year | $83,250 / year |
| 50% AMI for PBRA Units | $50,250 / year | $57,400 / year | $64,600 / year | $71,750 / year | $77,500 / year | $83,250 / year |
| 60% AMI for LIHTC Units | $60,300 / year | $68,880 / year | $77,520 / year | $86,100 / year | $93,000 / year | $99,900 / year |
| 80% AMI for PBRA Units | $80,400 / year | $91,850 / year | $103,350 / year | $114,800 / year | $124,000 / 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 Salerno Apartments have a waiting list?
Salerno Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Salerno Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Salerno Apartments?
Salerno Apartments is managed by ConAm Management Corporation headquartered in San Diego, California.
In addition to Salerno Apartments, how many other affordable housing properties (and units) are there in Irvine?
In addition to Salerno Apartments, we list 31 other affordable properties in Irvine. Learn about these properties here. Our data research shows that there are a total of 3720 affordable units in Irvine.
When was the Salerno Apartments listing last updated?
Salerno Apartments listing on Affordable Housing Online was last updated on 07/13/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Prepare to pay a fee to apply for units that accept Section 8 vouchers.
While there is no charge for Section 8 applications, a private landlord may charge a fee to apply for an available unit.Rose Carr says:
"Affordable Housing Online is a great resource to finding Section 8 waitlists that are open!"