2060 N Park Ln, Orange, CA 92865
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 - 2 Baths | 849 - 1,074 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Because Serrano Woods participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 2 Bedroom (2/1) | 849ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1074ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $50,250 / year | $57,400 / year | $64,600 / year | $71,750 / year | $77,500 / year | $83,250 / year |
| 50% AMI for PBRA Units | $50,250 / year | $57,400 / year | $64,600 / year | $71,750 / year | $77,500 / year | $83,250 / year |
| 60% AMI for LIHTC Units | $60,300 / year | $68,880 / year | $77,520 / year | $86,100 / year | $93,000 / year | $99,900 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Serrano Woods have a waiting list?
Serrano Woods probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Serrano Woods?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Serrano Woods?
Serrano Woods is managed by Advanced Property Services headquartered in Tustin, California.
In addition to Serrano Woods, how many other affordable housing properties (and units) are there in Orange?
In addition to Serrano Woods, we list 15 other affordable properties in Orange. Learn about these properties here. Our data research shows that there are a total of 999 affordable units in Orange.
When was the Serrano Woods listing last updated?
Serrano Woods listing on Affordable Housing Online was last updated on 01/02/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
Even if it looks difficult to get housing, apply anyway.
Some factors make it look like a longshot to get housing. Any waiting list opening is a legitimate chance to get housing, no mattter how long it takes.Michelle Eans says:
"I love Affordable Housing Online because it provides information you normally would not know about."