Summit Apartments

444 E 4th Ave, Escondido, CA 92025

Waiting List Forecast: Likely Short or None

check_circleVerified for 2021 by Lorena Bentley, Joshua Cappell
Rent Beds Baths SqFt
$1,635 - 2,400 per Month 1 - 3 Beds 1 - 2 Baths 650 - 1,200 Sq Ft
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

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.

Located in historic downtown Escondido, Summit Apartments offers you a spacious and beautiful community . The scenic hillside location overlooks the entire valley, with walking convenience to shopping centers, restaurants, open parks, recreation, schools and Palomar Hospital. Summit is southern California living at its finest.
 

Dave's Thoughts On Summit Apartments

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 Summit Apartments 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections. 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.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Summit Apartments Amenities

  • Fitness Center
  • Community Room
  • Covered Parking
  • Walk-in Closet(s)
  • Central Heat & Air
  • Washer and Dryer Included
  • Swimming pool
  • Private Patio and Balcony

Units at Summit Apartments

Unit (Bd/Ba) Ft2 Rent
One Bedroom Crest (1/1) 650ft2 $1,675
One Bedroom One Bath Point (1/1) 655ft2 $1,635
Two Bedroom One Bath Ridge (2/1) 865ft2 $1,850
Two Bedroom Two Bath Horizon (2/2) 910ft2 $1,945
Three Bedroom Two Bath Summit (3/2) 1200ft2 $2,400

Income Qualification for Summit Apartments

*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 Summit Apartments

Does Summit Apartments have a waiting list?

Summit Apartments 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 Summit Apartments?

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 Summit Apartments?

Summit Apartments is managed by Apartmentsmart Generic headquartered in Salisbury, Maryland.

In addition to Summit Apartments, how many other affordable housing properties (and units) are there in Escondido?

In addition to Summit Apartments, we list 34 other affordable properties in Escondido. Learn about these properties here. Our data research shows that there are a total of 1251 affordable units in Escondido.

Listings Near Summit Apartments

Crossings at Escondido Manor Apartments

1150-1160 N. Escondido Blvd., Escondido, California 92025

bed 2
switch_access_shortcut Short Wait
accessibility Accessible

444 W. 15th Ave

444 W. 15th Ave, Escondido, California 92025

bed 1-4
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

15th Avenue Cooperative

1500 Orange Pl, Escondido, California 92025

bed 1
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Eucalyptus View Coop

1805 S Escondido Blvd, Escondido, California 92025

bed 1
switch_access_shortcut Short Wait
accessibility Accessible

Daybreak Grove

1256 E Washington Ave, Escondido, California 92027

bed 1
switch_access_shortcut Short Wait
accessibility Accessible

Avocado Court

141-223 E El Norte Pkwy, Escondido, California 92026

bed 1
switch_access_shortcut Short Wait
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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