4030 Harrison Ave, Riverside, CA 92503
Waiting List Forecast: Likely Long or Closed
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | 540 Sq Ft |
Since this property is a Section 202 property and includes rental assistance, it will tend to have a longer waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
TELACU El Paseo is a 74-unit senior, low-income apartment community located just a few blocks away from the 91 freeway in the city of Riverside and within walking distance to shops, restaurants, movie theaters, public transportation and a community center. They have on-site laundry facilities, a community garden, professionally landscaped grounds, gated parking and a large community room for their residents’ enjoyment. Each apartment includes air conditioning/heating and a full kitchen with a stove and refrigerator as well as grab bars in the bathrooms for their residents’ convenience.
As a modern Section 202 property built after 1990, Telacu El Paseo only allows seniors aged 62 or older. Older “Legacy” 202 properties (pre-1990) do allow younger persons with disabilities. Modern 202 properties tend to be in better physical condition primarily due to age. Section 202 properties include a rent subsidy, so you will only pay 30% of your income toward rent. To qualify, you will need to earn 50% of the Area Median Income or less. These properties often include a resident services coordinator that arranges services like healthcare management, transportation, and social activities. If you are a senior or have a senior in your household, and need services to maintain independent living, this property may be good for you. Since this property participates in the HUD 202 program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 540ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $19,600 / year | $22,400 / year | $25,200 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $32,650 / year | $37,300 / year | $41,950 / year | $46,600 / year | $50,350 / year | $54,100 / year | $57,800 / year | $61,550 / year |
| 50% AMI for PBRA Units | $32,650 / year | $37,300 / year | $41,950 / year | $46,600 / year | $50,350 / year | $54,100 / year | $57,800 / year | $61,550 / year |
| 80% AMI for PBRA Units | $52,200 / year | $59,650 / year | $67,100 / year | $74,550 / year | $80,550 / year | $86,500 / year | $92,450 / year | $98,450 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Telacu El Paseo have a waiting list?
Telacu El Paseo probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Telacu El Paseo?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Telacu El Paseo?
Telacu El Paseo is managed by TELACU Property Management & Residental Management (TRM or TPM) headquartered in Los Angeles, California.
In addition to Telacu El Paseo, how many other affordable housing properties (and units) are there in Riverside?
In addition to Telacu El Paseo, we list 45 other affordable properties in Riverside. Learn about these properties here. Our data research shows that there are a total of 2651 affordable units in Riverside.
When was the Telacu El Paseo listing last updated?
Telacu El Paseo listing on Affordable Housing Online was last updated on 06/05/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
4660 Victoria Avenue, Riverside, California 92507
4074 Jackson St., Riverside, California 92503
Housing options for seniors.
Many housing programs have apartments or entire properties restricted to senior residents only, including Section 202 Supportive Housing for the Elderly.Eileen Savarese says:
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