240 Ocean Oaks Ln, Atascadero, CA 93424
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 2 Beds | 1 Bath | 450 - 775 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.
Their latest addition to the Property management portfolio is this 29-unit permanently affordable apartment complex called “Lachen Tara” in Avila Beach. The site, completed in 2008, is located on the 200 block of Ocean Oaks Drive, on the corner of Laurel Lane and Ocean Oaks Drive.
Nearly 20 years since the original discovery of contamination at the site, families have moved in to the new units, just in time for the holidays. Apartments include eight studios, 18 one-bedroom, and three two-bedroom units from 450 to 880 square feet. Four units are reserved for farm workers and eight units are reserved for people with special needs.
Because Lachen Tara 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 |
|---|---|---|
| Studio (Studio/1) | 450ft2 | Call for Price† |
| 1 Bedroom (1/1) | 615ft2 | Call for Price† |
| 2 Bedroom (2/1) | 775ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $40,550 / year | $46,350 / year | $52,150 / year | $57,900 / year |
| 50% AMI for PBRA Units | $40,550 / year | $46,350 / year | $52,150 / year | $57,900 / year |
| 60% AMI for LIHTC Units | $48,660 / year | $55,620 / year | $62,580 / year | $69,480 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Lachen Tara Apartments have a waiting list?
Lachen Tara 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 Lachen Tara 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 Lachen Tara Apartments?
Lachen Tara Apartments is managed by Peoples Self-Help Housing headquartered in San Luis Obispo, California.
In addition to Lachen Tara Apartments, how many other affordable housing properties (and units) are there in Atascadero?
In addition to Lachen Tara Apartments, we list 4 other affordable properties in Atascadero. Learn about these properties here. Our data research shows that there are a total of 251 affordable units in Atascadero.
When was the Lachen Tara Apartments listing last updated?
Lachen Tara Apartments listing on Affordable Housing Online was last updated on 01/03/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
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