Compass Rose is a family affordable housing community located in the Richman Park neighborhood of Fullerton, California. It’s a scattered site property made up of 10 individual parcels that have been merged into five lots. At the center of these separate buildings is a spacious community center with management offices, recreational space, and kitchen facilities – all for use by the residents. Just steps from the community center, floor-to-ceiling folding windows open to outdoor space with picnic tables, barbecues, and a tot lot.
|One Bedroom (1/1)||-||Call for Price|
|Two Bedroom (2/1)||-||Call for Price|
|Three Bedroom (3/1)||-||Call for Price|
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 Fullerton but actual income limits may differ for units at Compass Rose.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$47,450||$54,200||$61,000||$67,750||$73,200||$78,600||$84,050||$89,450|
|Low Income (60%)||$56,940||$65,040||$73,200||$81,300||$87,840||$94,320||$100,860||$107,340|
Compass Rose is managed by The John Stewart Company.