Affordable Housing In Corona
Riverside County, California

8 Low Income Apartment Communities In Corona

Corona Community Towers

910 S Belle Ave
Corona, CA
Call For Rent
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

River Run Senior

863 River Road
Corona, CA
Call For Rent
1-2 BR
HCV Welcome

Corona Community Villas

2680 S Main St
Corona, CA
Call For Rent
Studio-1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Corona Village

901 South Smith Ave
Corona, CA
Call For Rent
2 BR

Corona Park Apartments

956 Avenida del Vista
Corona, CA
Call For Rent
1-3 BR
Subsidized

Vintage Terrace Senior Apartments

1910 Fullerton Ave
Corona, CA
HCV Welcome

Corona De Oro Apartments

266 S Cota St
Corona, CA
HCV Welcome

Garrison House

779 Ford St
Corona, CA
62+
Accessible
Elderly Supportive Housing
Subsidized
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Housing Authorities that serve Corona

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

Guide To Affordable Housing in Corona, California

There are 8 low income housing apartment communities offering 909 affordable apartments for rent in Corona, California. Corona features 277 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 632 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Corona.

Sourced from federal housing data and AffordableHousingOnline.com research.

Corona, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 909
Total Housing Units with Rental Assistance 277
Percentage of Housing Units Occupied By Renters 34.15%
Average Renter Household Size 3.09
Average Household Size 3.30
Median Household Income $74,149 ±$2,589
Median Rent $1,375 ±$22
Percentage Of Renters Overburdened 60.09% ± 3.28pp
Total Population 159,595

Population and Household Demographics

Corona is a City in Riverside County, California with a population of 159,595. There are 48,156 households in the city with an average household size of 3.30 persons. 34.15% of households in Corona are renters.

Income and Rent Overburden in Corona

The median gross income for households in Corona is $74,149 a year, or $6,179 a month. The median rent for the city is $1,375 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Corona, a household making less than $4,583 a month would be considered overburdened when renting an apartment at or above the median rent. 60.09% of households who rent are overburdened in Corona.1

Area Median Income In Corona

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 Corona, the AMI is calculated from all households within Riverside County.

In Corona, HUD calculates the Area Median Income for a family of four as $69,700

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 Corona

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 Corona HUD Rental Assistance in Corona

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,100 $17,250 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,150 $28,750 $32,350 $35,900 $38,800 $41,650 $44,550 $47,400
80% of Median $40,250 $46,000 $51,750 $57,450 $62,050 $66,650 $71,250 $75,850
Low Income Housing Tax Credits in Corona

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

From 1999 to 2004, 4 low income apartment communities containing 785 rental apartments have been constructed and made affordable to low income persons in Corona 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 Corona

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,150 $28,750 $32,350 $35,900 $38,800 $41,650 $44,550 $47,400
60% of Median $30,180 $34,500 $38,820 $43,080 $46,560 $49,980 $53,460 $56,880

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 Corona is $38,820 a year, or $3,235 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,235 by 30% to get a maximum rent of $971 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% $629 $674 $809 $934 $1,041 $1,149
60% $755 $809 $971 $1,121 $1,250 $1,379
Fair Market Rents in Corona

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$875 $1,030 $1,289 $1,789 $2,216