401 Discovery Lane, Brea, CA 92821
Waiting List Forecast: Likely Short or None
Verified for 2018 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 1.5 Bath | 690 - 1,098 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.
Bonterra is an integral part of Blackstone, an upscale 800-acre master-planned community built on a hillside with nearly 50 formerly active oil wells. When complete, the master-planned community will include seven neighborhoods, a city sports park, and 560 acres of preserved open space in the City of Brea. This affordable housing property seamlessly integrates with other housing choices in this jobs-rich area of Orange County.
Jamboree transformed a recovered oil field into Bonterra, a high quality affordable housing community that is LEED (Leadership in Energy and Environmental Design) for Homes Gold certified. Features of the exceptional sustainable profile at Bonterra include water efficiency in all homes and an outstanding landscape irrigation system, as well as the development's overall project density that preserved open space for the adjacent parcel of land as a preservation habitat for Gnatcatcher birds. Homes offer exceptional views, high-quality, eco-friendly finishes/materials and energy-saving features.
The development of Bonterra required an extensive and unusual public/private partnership with exceptional vision and flexibility from multiple and diverse funding sources that spanned nearly a decade. It required that Jamboree provide local infrastructure for Blackstone's master developers. Under an agreement with these market-rate developers, Jamboree paid the upfront costs to build out the site and the surrounding infrastructure to support it - roads, sewers, traffic signals, etc.
Bonterra moves forward the City of Brea's long-term commitment to provide a full spectrum of housing, especially given the City's jobs-rich landscape. Twice as many people work in Brea as live there. Bonterra exemplifies a unified vision of a resourceful public/private partnership between Jamboree and the City of Brea. It exemplifies a state-of-the-art, eco-friendly design solution to the creative use of land for a challenging site, and creates a vision of a higher design standard in Southern California to complement neighboring market-rate, multifamily properties.
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 Bonterra Apartments Homes 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 |
|---|---|---|
| One Bedroom (1/1) | 690ft2 | Call for Price† |
| Two Bedroom (2/1) | 880ft2 | Call for Price† |
| Three Bedroom (3/1.5) | 1098ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 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 |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Bonterra Apartments Homes have a waiting list?
Bonterra Apartments Homes 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 Bonterra Apartments Homes?
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 Bonterra Apartments Homes?
Bonterra Apartments Homes is managed by The John Stewart Company headquartered in San Francisco, California.
In addition to Bonterra Apartments Homes, how many other affordable housing properties (and units) are there in Brea?
In addition to Bonterra Apartments Homes, we list 11 other affordable properties in Brea. Learn about these properties here. Our data research shows that there are a total of 198 affordable units in Brea.
255 Kraemer Circle, Brea, California 92821
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