Bienestar Apartment II is an affordable low income housing tax credit apartment community with 64 units, 8 one-bedroom, 24 two bedroom, and 32 three-bedroom units. The property is managed through BMG Property Management, Inc., a subsidiary of Comite de Bien Estar. These apartments were placed in service on September 1, 2005. Amenities include a community room, child care facility, playground, laundry room, and covered parking.
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.
Generally, 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 San Luis but actual income limits may differ for units at Bienestar Apartments II.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$18,900||$21,600||$24,300||$27,000||$29,200||$31,350||$33,500||$35,650|
|Low Income (60%)||$22,680||$25,920||$29,160||$32,400||$35,040||$37,620||$40,200||$42,780|
Bienestar Apartments II is managed by BMG Property Management, Inc..