Cynara Court, located at 10860 Merritt St in Castroville, has one, two and three bedroom apartments. Cynara Court participates in the Low-Income Housing Tax Credit (LIHTC) program.
To apply to live at Cynara Court, please contact the leasing office at 831-240-0900 or submit an online inquiry.Last updated on July 30th, 2019
|1 Bedroom (1/1)||-||Income Based|
|2 Bedroom (2/1)||-||Income Based|
|3 Bedroom (3/1)||-||Income Based|
Cynara Court represents the realization of a longtime vision to transform previously underutilized land into a vibrant community and provides much needed affordable housing to agricultural workers and other hard working low-income residents in Castroville. Located on two separate sites that are five blocks apart, Cynara Court includes onsite services and programs as well as spacious indoor and outdoor community areas. This is the first housing development being built under the Castroville Community Plan, and the 750 square feet of street front retail space on the Cynara Court site area is consistent with the Plan's goal to create a more walkable, pedestrian-oriented downtown in Castroville.
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 Castroville but actual income limits may differ for units at Cynara Court.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$31,450||$35,950||$40,450||$44,900||$48,500||$52,100||$55,700||$59,300|
|Low Income (60%)||$37,740||$43,140||$48,540||$53,880||$58,200||$62,520||$66,840||$71,160|
Cynara Court was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.
Cynara Court is managed by MidPen Housing.