Solterra is a 49 unit, senior affordable community offering 1 and 2 bedroom apartments to seniors ages 55 and up who earn 30-60% AMI. Designed to seamlessly fit in with the look of downtown, Solterra is a stunning addition that also offers ground floor retail to promote the El Cajon economy. A beautiful addition to the neighborhood, Solterra is a comfortable residence offering a large community room and kitchen, onsite laundry, gardening planters, an exercise room and numerous lounge, gathering areas. A build it- green community, Solterra has solar photo voltaic panels and solar hot water panels that create the heat and energy to power the onsite community room and heat the onsite water boiler. Energy star appliances are using throughout, and low flow plumbing fixtures as well as drought tolerant landscape, lower the properties water usage. Solterra offers an electric vehicle for tenant use as well as 2 electric car charging stations, one private and one public: for visitors or persons utilizing the ground floor retail located in building 131. A pedestrian friendly community, Solterra is a homey community with numerous gardening areas and the project promotes tenant interaction.
|1 Bedroom (1/1)||-||Income Based|
|2 Bedroom (2/1)||-||Income Based|
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 El Cajon but actual income limits may differ for units at Solterra.
|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|
Solterra is managed by Solari Enterprises Inc..