Lompoc Terrace

805 W Apricot Ave, Lompoc, California 93436

Renovation of Lompoc Terrace was completed in the fall of 2014. Lompoc Terrace is a 40-unit complex with 1, 2, 3, and 4 bedroom units. This income restricted development offers amenities including a community room, off street parking, tot lot and adjacent leasing office.

Unit amenities include carpet/tile flooring, solid surface countertops, blinds, in unit laundry hook ups and a backyard. Kitchen appliances include a range, refrigerator, and garbage disposal.

Lompoc Terrace Details

  • 40 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)
  • Rental Assistance Demonstration (RAD)

Section 8 Project-Based Rental Assistance

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.

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.

Rental Assistance Demonstration (RAD)

Since this property is subsidized in part through the Rental Assistance Demonstration (RAD), some apartments may have Section 8 Project-Based Rental Assistance (PBRA) or Section 8 Project-Based Vouchers (PBV). With either type of subsidy, tenant rent payments are 30% of their adjusted monthly income. Households earning less than 80% of the area median income may qualify for PBRA or PBV reduced rents. Some of these subsidized apartments may be reserved for extremely low-income households earning less than 30% of the area median income. If the apartment has a PBV, the tenant may qualify for a Section 8 Housing Choice Voucher (HCV) after living there at least one year. Some rental units in this property may not have PBRA or PBV subsidies and therefore may have higher rents.

Lompoc HUD Rental Assistance Income Qualifications

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 Lompoc but actual income limits may differ for units at Lompoc Terrace.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $29,350 $33,550 $37,750 $41,900 $45,300 $48,650 $52,000 $55,350
50% $48,900 $55,900 $62,900 $69,850 $75,450 $81,050 $86,650 $92,250
80% $78,350 $89,550 $100,750 $111,900 $120,900 $129,850 $138,800 $147,750

Lompoc 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 Lompoc but actual income limits may differ for units at Lompoc Terrace.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $48,900 $55,900 $62,900 $69,850 $75,450 $81,050 $86,650 $92,250
Low Income (60%) $58,680 $67,080 $75,480 $83,820 $90,540 $97,260 $103,980 $110,700

Lompoc Terrace is managed by Housing Authority of the County of Santa Barbara.

Image of Lompoc Terrace

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