Low Income Apartments In Capitola
Santa Cruz County, California

Low Income Apartments In Capitola

Bay Ave Senior Apartments

750 Bay Avenue
Capitola, CA
1-3 BR
HCV Welcome

Capitola Supportive Housing Dev

3245 Clares St
Capitola, CA
Disabled Supportive Housing
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There are 2 low income housing apartment complexes which contain 133 affordable apartments for rent in Capitola, California. Many of these rental apartments are income based housing with about 25 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 0 Project-Based Section 8 subsidized apartments in Capitola. There are 108 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Capitola

Housing Authority Programs
Housing Authority of the County of Santa Cruz Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Capitola, California

Capitola, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 133
Total Rent Assisted Apartments 25
Percentage of Housing Units Occupied By Renters 54.96%
Average Renter Household Size 2.36
Total Population 10,077
Housing Units 4,518
Average Household Size 2.19
Median Household Income $57,458 ±$10,297
Median Rent $1,589 ±$93
Percentage Of Renters Overburdened 58.8% ± 11pp

Population and Household Demographics

Capitola is a City in Santa Cruz County, California with a population of 10,077. There are 4,518 households in the city with an average household size of 2.19 persons. 54.96% of households in Capitola are renters.

Income and Rent Overburden in Capitola

The median gross income for households in Capitola is $57,458 a year, or $4,788 a month. The median rent for the city is $1,589 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Capitola, a household making less than $5,297 a month would be considered overburdened when renting an apartment at or above the median rent. 58.8% of households who rent are overburdened in Capitola.1

Area Median Income In Capitola

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Capitola, the AMI is calculated from all households within Santa Cruz County.

In Capitola, HUD calculates the Area Median Income for a family of four as $98,000

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Capitola

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Capitola HUD Rental Assistance in Capitola

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $25,800 $29,450 $33,150 $36,800 $39,750 $42,700 $45,650 $48,600
50% of Median $42,950 $49,100 $55,250 $61,350 $66,300 $71,200 $76,100 $81,000
80% of Median $68,900 $78,750 $88,600 $98,400 $106,300 $114,150 $122,050 $129,900
Low Income Housing Tax Credits in Capitola

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2010 to 2010, 1 low income apartment communities containing 108 rental apartments have been constructed and made affordable to low income persons in Capitola by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Capitola

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $51,540 $58,920 $66,300 $73,620 $79,560 $85,440 $91,320 $97,200

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Capitola is $66,300 a year, or $5,525 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $5,525 by 30% to get a maximum rent of $1,658 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $1,074 $1,151 $1,381 $1,596 $1,780 $1,964
60% $1,289 $1,381 $1,658 $1,915 $2,136 $2,357
Fair Market Rents in Capitola

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$1,567 $1,844 $2,439 $3,241 $3,701