Villa la Esperanza Apartments in Goleta increased from 75 rental units to 83 units that vary in size from two to five bedrooms each. Also a part of the rehabiliation, PSHH construct a new 5,000-square-foot, two-story community building that includes a learning center, Frank Renda Community Room, community kitchen, laundry facilities, two playgrounds and barbecue area. New energy and water saving features include synthetic turf, water conserving hardscape and landscaping, “smart” water controls, new drip irrigation system, and replacement of external lighting with energy-saving LED fixtures.
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Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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 a HUD rental assistance program in Goleta but actual income limits may differ for units at Villa La Esperanza Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
Villa La Esperanza Apartments is managed by Peoples Self-Help Housing.