16790 S. Harbor Blvd., Fountain Valley, CA 92708
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 465 - 1,090 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.
Located in desirable Fountain Valley, California, Prado was designed for families and individuals to flourish. Whether you are a local Fountain Valley resident or moving to Fountain Valley from another location, you are sure to enjoy the many amenities and community connectivity that can be experienced at Prado.
Prado offers a Mid-Century Modern design with comfortable one, two, and three-bedroom apartment homes. Each apartment home features a kitchen with quartz countertops, vinyl plank-style flooring, ceiling fans, spacious closets, some paid utilities, communal outdoor space, and more.
This friendly environment provides residents with an abundance of recreational amenities, including a barbecue and picnic area, outdoor youth playground and physical activity space, separate teen hangout area, community multipurpose room, and community laundry. Prado residents will have convenient access to public transportation and the 30-mile, public Santa Ana River Trail that offers recreation opportunities for bicyclists, runners, and walkers.
Prado, the ideal place for you and your family to flourish.
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 Prado 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 465ft2 | Call for Price† |
| Two Bedroom (2/1) | 792ft2 | Call for Price† |
| Three Bedroom (3/2) | 1090ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $50,250 / year | $57,400 / year | $64,600 / year | $71,750 / year | $77,500 / year | $83,250 / year |
| 50% AMI for PBRA Units | $50,250 / year | $57,400 / year | $64,600 / year | $71,750 / year | $77,500 / year | $83,250 / year |
| 60% AMI for LIHTC Units | $60,300 / year | $68,880 / year | $77,520 / year | $86,100 / year | $93,000 / year | $99,900 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Prado have a waiting list?
Prado 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 Prado?
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 Prado?
Prado is managed by Related Companies headquartered in Irvine, California.
In addition to Prado, how many other affordable housing properties (and units) are there in Fountain Valley?
In addition to Prado, we list 2 other affordable properties in Fountain Valley. Learn about these properties here. Our data research shows that there are a total of 277 affordable units in Fountain Valley.
When was the Prado listing last updated?
Prado listing on Affordable Housing Online was last updated on 08/01/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Applying for housing with bad credit.
Most HUD housing programs, like Section 8 and Public Housing, do not have a credit check. But Section 8 landlords will likely require one for an available unit.Irina Petrova says:
"I recommend for everyone who needs information about Section 8 or Public Housing to use Affordable Housing Online."