32675 Mission Trail, Lake Elsinore, CA 92530
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 - 2 Baths | 770 - 1,222 Sq Ft |
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.
Cottages at Mission Trail is coming soon to Lake Elsinore, California! The Cottages is pleased to offer affordable living options (income restrictions apply). The apartments are strategically located close by Interstates 15 and 215 to create easy accessibility. Enjoy the convenience of being nearby an abundance of fine dining, superb shopping, and ample entertainment. The Cottages prime address will place you exactly where you will want to be.
Cottages at Mission Trail will offer two and three bedroom carriage homes for rent. Each of their apartment homes are being crafted with the essential amenities that are deserved, such as central air and heating, cable ready, washer dryer connections, enclosed garages, extra storage, a refrigerator, and a brand new dishwasher. Designed with comfort in mind and to be compatible with any lifestyle.
Great apartment home living will extend beyond the front door. The Cottages are set to provide a clubhouse, on-site maintenance, tot lot, and basketball court. Completing everyday chores will be a breeze with their laundry facility. Join their interest list today and when leasing begins they will reach out to the interest list first.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Cottages at Mission Trail does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom A (2/1) | 770ft2 | Call for Price† |
| Two Bedroom B (2/1) | 968ft2 | Call for Price† |
| Three Bedroom Two Bath (3/2) | 1219ft2 | Call for Price† |
| Three Bedroom One Bath (3/1.5) | 1222ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $32,650 / year | $37,300 / year | $41,950 / year | $46,600 / year | $50,350 / year | $54,100 / year |
| 50% AMI for PBRA Units | $32,650 / year | $37,300 / year | $41,950 / year | $46,600 / year | $50,350 / year | $54,100 / year |
| 60% AMI for LIHTC Units | $39,180 / year | $44,760 / year | $50,340 / year | $55,920 / year | $60,420 / year | $64,920 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cottages at Mission Trail have a waiting list?
Cottages at Mission Trail 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 Cottages at Mission Trail?
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 Cottages at Mission Trail?
Cottages at Mission Trail is managed by Aperto Property Management, Inc. headquartered in Laguna Hills, CA.
In addition to Cottages at Mission Trail, how many other affordable housing properties (and units) are there in Lake Elsinore?
In addition to Cottages at Mission Trail, we list 6 other affordable properties in Lake Elsinore. Learn about these properties here. Our data research shows that there are a total of 652 affordable units in Lake Elsinore.
When was the Cottages at Mission Trail listing last updated?
Cottages at Mission Trail listing on Affordable Housing Online was last updated on 01/01/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Affordable housing is for both families and individuals.
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