1440 East First Street, Santa Ana, CA 92701
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley, Ayat Elkarib| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 4 Beds | 2 Baths | 758 - 1,219 Sq Ft |
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.
Welcome home to First Street Apartments, a wonderful new affordable apartment home community located in Santa Ana, California. They are conveniently located near Interstate 5, so everything you want and need is only minutes away!
First Street Apartments offers 68 brand-new 2, 3, and 4 bedroom apartment homes for households earning below 30%, 50%, and 60% of Area Median Income for Orange County. There is no minimum income requirement for applicants in possession of a Tenant Based Section 8 Voucher. Rent, income limits, and occupancy requirements are subject to change based on regulatory requirements.
Community amenities include a large community room with a community kitchen, recreational room, and media lounge, and computer lab. Outdoor amenities include play area, BBQ’s, and patio area. Envision you and your family being the first to enjoy these exciting new amenities!
Affordable rents are income-restricted in accordance with the Low-Income Housing Tax Credit (LIHTC) program and other regulatory agreements. Income limits and rental rates subject to change.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests First Street Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 2 Bedroom (2/2) | 758ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1031ft2 | Call for Price† |
| 4 Bedroom (4/2) | 1219ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $50,250 / year | $57,400 / year | $64,600 / year | $71,750 / year | $77,500 / year | $83,250 / year | $89,000 / year | $94,750 / year |
| 50% AMI for PBRA Units | $50,250 / year | $57,400 / year | $64,600 / year | $71,750 / year | $77,500 / year | $83,250 / year | $89,000 / year | $94,750 / year |
| 60% AMI for LIHTC Units | $60,300 / year | $68,880 / year | $77,520 / year | $86,100 / year | $93,000 / year | $99,900 / year | $106,800 / year | $113,700 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does First Street Apartments have a waiting list?
First Street 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 First Street 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 First Street Apartments?
First Street Apartments is managed by The John Stewart Company headquartered in San Francisco, California.
In addition to First Street Apartments, how many other affordable housing properties (and units) are there in Santa Ana?
In addition to First Street Apartments, we list 52 other affordable properties in Santa Ana. Learn about these properties here. Our data research shows that there are a total of 3571 affordable units in Santa Ana.
When was the First Street Apartments listing last updated?
First Street Apartments listing on Affordable Housing Online was last updated on 01/01/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
1401 N Flower St, Santa Ana, California 92706
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