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Villa Esperanza

500 E Alpine St, Avenal, California 93204

The community is conveniently located near Floyd Rice Park and Avenal Recreation Center, Avenal High School, Avenal Community Health Center, Avenal Branch Library and Kings County Area Public Transit bus route. Amenities include ample open space, pool and clubhouse.

The development includes 81 affordable family units with 2‐4 bedrooms; built with Type V wood construction on a concrete slab with 162 surface parking stalls.

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Units

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/1) - Call for Price
Three Bedroom (3/1) - Call for Price
Four Bedroom (4/1) - Call for Price

Villa Esperanza Details

  • 81 0, 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Business Center
  • Pool
  • Gated Community

Nearby Amenities

  • Near Schools

Low-Income Housing Tax Credit (LIHTC)

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.

Avenal Low-Income Housing Tax Credit Income Limits

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 Avenal but actual income limits may differ for units at Villa Esperanza.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $24,500 $28,000 $31,500 $34,950 $37,750 $40,550 $43,350 $46,150
Low Income (60%) $29,400 $33,600 $37,800 $41,940 $45,300 $48,660 $52,020 $55,380

Villa Esperanza is managed by FPI Management, Inc..

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Image of Villa Esperanza
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