Cornerstone Place

230 S Sunshine Ave, El Cajon, CA 92020

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Connor Bailey, Lorena Bentley, Colleen Carter, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 3 Beds	1 Bath	-

Waitlist Forecast

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.

Cornerstone Place offers 1 and 3 bedroom units catered toward local families and veterans. Each apartment home will include a patio/balcony to promote outdoor/indoor living. The community is adjacent to public transit and within walking distance to several amenities including a library, park, school, medical clinic and retail. Cornerstone Place will include a community room, elevator, common lounges, and a laundry room on every residential floor. The smoke-free community will be built around a central outdoor courtyard with seating areas and a tot lot. The property will offer secure bike storage to encourage a healthy lifestyle.

Dave's Thoughts On Cornerstone Place

Because Cornerstone Place participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Cornerstone Place Amenities

Elevator
Community Room
Library
Near Schools
Laundry Room
Patio Deck Or Balcony
Smoke Free

Units at Cornerstone Place

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price^†
2 Bedroom (2/1)	-	Call for Price^†
3 Bedroom (3/1)	-	Call for Price^†

Income Qualification for Cornerstone Place

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people
50% AMI for LIHTC Units	$48,250 / year	$55,150 / year	$62,050 / year	$68,900 / year	$74,450 / year	$79,950 / year
50% AMI for PBRA Units	$48,250 / year	$55,150 / year	$62,050 / year	$68,900 / year	$74,450 / year	$79,950 / year
60% AMI for LIHTC Units	$57,900 / year	$66,180 / year	$74,460 / year	$82,680 / year	$89,340 / year	$95,940 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Cornerstone Place

Does Cornerstone Place have a waiting list?

Cornerstone Place 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 Cornerstone Place?

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 Cornerstone Place?

Cornerstone Place is managed by Domus Management Company headquartered in Lodi, CA.

In addition to Cornerstone Place, how many other affordable housing properties (and units) are there in El Cajon?

In addition to Cornerstone Place, we list 24 other affordable properties in El Cajon. Learn about these properties here. Our data research shows that there are a total of 1020 affordable units in El Cajon.