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An extensive list of coronavirus resources for low-income households can be found here.

Teresina at Lomas Verdes

1250 Santa Cora Avenue, Chula Vista, California 91913

Welcome to our creation... A majestic blending of breathtaking views and affordable luxury apartment homes... Teresina, a prestigious residential community, overlooks the Otay Valley from high atop Lomas Verdes... Just ten minutes to the Pacific Ocean. Tucked away on seventeen beautiful acres... surrounded by three parks, yet still convenient to major highways, shopping & recreation areas... Take the time... Visit Teresina at Lomas Verdes... Experience your dream...

Units

Unit (Bd/Ba) Ft2 Rent
Sapphire (1/1) 726 $1,415
Amethyst (2/2) 1037 $1,755
Topaz (2/2) 942 $1,565
Emerald (3/2) 1167 $1,795

Teresina at Lomas Verdes Details

  • 91 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Fitness Center
  • Playground
  • Business Center
  • Clubhouse
  • Laundry Room
  • Covered Parking

Unit Amenities

  • Ceiling Fan(s)
  • Central Air
  • Dishwasher
  • Furnished Available
  • Garbage Disposal
  • Microwave
  • Washer/Dryer Hookup
  • Cable/Satellite TV
  • Window Coverings
  • Carpet
  • Patio, Deck Or Balcony
  • Scenic View
  • Extra Storage

Nearby Amenities

  • Close to Public Transportation

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.

Chula Vista 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 Chula Vista but actual income limits may differ for units at Teresina at Lomas Verdes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $40,450 $46,200 $52,000 $57,750 $62,400 $67,000 $71,650 $76,250
Low Income (60%) $48,540 $55,440 $62,400 $69,300 $74,880 $80,400 $85,980 $91,500

Teresina at Lomas Verdes 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.

Teresina at Lomas Verdes is managed by Pinnacle Family of Companies.

Image of Teresina at Lomas Verdes
Image of Teresina at Lomas Verdes
Image of Teresina at Lomas Verdes
Image of Teresina at Lomas Verdes
Image of Teresina at Lomas Verdes
Image of Teresina at Lomas Verdes

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