Compass Rose

436 W Valencia Dr, Fullerton, California 92832

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.

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price
Three Bedroom (3/1) - Call for Price

Compass Rose Details

  • 46 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Tot Lot
  • Playground
  • Garage and Surface Parking
  • Wireless Internet Access
  • Laundry Facility

Unit Amenities

  • Dishwasher
  • Microwave
  • Cable Ready
  • Window Coverings
  • Carpet
  • Refrigerator
  • Central Heat & Air
  • vinyl tile flooring
  • Private Patio and Balcony

Low-Income Housing Tax Credit (LIHTC)

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.

Fullerton Low-Income Housing Tax Credit Income Limits

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.

Image of Compass Rose
Image of Compass Rose
Image of Compass Rose

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