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Monte Vista Apartments

24740 Jefferson Ave, Murrieta, California 92562

Located in Murrieta CA, Monte Vista offers 64 apartments to families earning 30-60% of the area median income (A.M.I.), and is adjacent to the affordable community known as Monte Vista II. Built to seamlessly blend, the communities share a swimming pool, on site management, free Wi-Fi, on site laundry facilities, and covered parking. Conveniently located within walking distance to a public park, a school, public transit and numerous amenities, residents also enjoy on site garden plots, a covered tot lot, computer room and residential services including computer skills, after school programs and more.

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Waiting List is Closed

Last updated on December 10th, 2018

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Income Based
2 Bedroom (2/1) - Income Based
3 Bedroom (3/1) - Income Based

Monte Vista Apartments Details

  • 64 0, 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Property Amenities

  • On-Site Parking
  • Laundry Facilities

Nearby Amenities

  • Near Schools
  • Near Bus Line

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Murrieta 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 Murrieta but actual income limits may differ for units at Monte Vista Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $26,400 $30,150 $33,900 $37,650 $40,700 $43,700 $46,700 $49,700
Low Income (60%) $31,680 $36,180 $40,680 $45,180 $48,840 $52,440 $56,040 $59,640

Monte Vista Apartments is managed by Solari Enterprises Inc..

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