This 40-unit, single story development was completely renovated in 2014. The development is centrally located in the City of Lompoc and provides family housing in 14 two, 16 three and 10 four-bedroom units. It also offers a community room and swimming pool for residents.
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.
Palm Grove Apartments is managed by Housing Authority of the City of Santa Barbara.