2 Irwin Way, Orinda, CA 94563
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $475 - 820 per Month† | 1 Bed | 1 Bath | 616 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.
Monteverde Senior Apartments provides 67 affordable rental apartments for older adults in the City of Orinda. The property is conveniently located in the downtown area, in close proximity to transportation, services, and community amenities. Monteverde Senior is affordable to senior households earning at or below thirty percent to fifty percent of the Contra Costa County Area Median Income, and residents pay thirty percent of their household income for rent.
Amenities at Monteverde include on-site management offices, a large community room with a full kitchen, an exercise room, a library/computer learning center, laundry facilities, and a large courtyard and a community garden. Designed to achieve a GreenPoint Rated score of more than 150 points, the development incorporates a number of sustainable features such as solar hot water and photovoltaic systems. Residents who live at Monteverde Senior have access to free, onsite supportive services programs to support them to be more successful in their daily lives.
Because Monteverde Senior Apartments 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 |
|---|---|---|
| One Bedroom (1/1) | 616ft2 | $475 $820† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $31,050 / year | $35,500 / year | $39,950 / year | $44,350 / year | $47,900 / year | $51,450 / year | $55,000 / year | $58,550 / year |
| 50% AMI for LIHTC Units | $51,800 / year | $59,200 / year | $66,600 / year | $73,950 / year | $79,900 / year | $85,800 / year | $91,700 / year | $97,650 / year |
| 50% AMI for PBRA Units | $51,800 / year | $59,200 / year | $66,600 / year | $73,950 / year | $79,900 / year | $85,800 / year | $91,700 / year | $97,650 / year |
| 60% AMI for LIHTC Units | $62,160 / year | $71,040 / year | $79,920 / year | $88,740 / year | $95,880 / year | $102,960 / year | $110,040 / year | $117,180 / year |
| 80% AMI for PBRA Units | $78,550 / year | $89,750 / year | $100,950 / year | $112,150 / year | $121,150 / year | $130,100 / year | $139,100 / year | $148,050 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Monteverde Senior Apartments have a waiting list?
Monteverde Senior Apartments 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 Monteverde Senior Apartments?
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 Monteverde Senior Apartments?
Monteverde Senior Apartments is managed by Eden Housing headquartered in Hayward, California.
In addition to Monteverde Senior Apartments, how many other affordable housing properties (and units) are there in Contra Costa County?
In addition to Monteverde Senior Apartments, we list 412 other affordable properties in Contra Costa County. Learn about these properties here. Our data research shows that there are a total of 16480 affordable units in Contra Costa County.
When was the Monteverde Senior Apartments listing last updated?
Monteverde Senior Apartments listing on Affordable Housing Online was last updated on 01/02/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
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