16016 Babcock St, San Diego, CA 92127
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 691 - 1,055 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.
Fairbanks Ridge Apartments is conveniently located in San Diego, California and just minutes away from the best dining, shopping, entertainment and schools.
At Fairbanks Ridge Apartments, we offer one, two and three bedroom floor plans with fully equipped kitchens including a dishwasher, pantry and refrigerator, plush carpeting, extra storage, vertical blinds, and central air and heating.
Imagine coming home to Fairbanks Ridge Apartments and enjoying a dip in our shimmering pools surrounded with beautiful landscaping, a picnic area with barbecue, a clubhouse and covered parking. Call us today to schedule your personal tour and see all the options that await you!
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Fairbanks Ridge at Del Sur does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 691ft2 | Rent is Based On Your Income† |
| 2 Bedroom (2/2) | 879ft2 | Rent is Based On Your Income† |
| 3 Bedroom (3/2) | 1055ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $48,250 / year | $55,150 / year | $62,050 / year | $68,900 / year | $74,450 / year | $79,950 / year |
| 50% AMI for PBRA Units | $48,250 / year | $55,150 / year | $62,050 / year | $68,900 / year | $74,450 / year | $79,950 / year |
| 60% AMI for LIHTC Units | $57,900 / year | $66,180 / year | $74,460 / year | $82,680 / year | $89,340 / year | $95,940 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Fairbanks Ridge at Del Sur have a waiting list?
Fairbanks Ridge at Del Sur 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 Fairbanks Ridge at Del Sur?
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.
In addition to Fairbanks Ridge at Del Sur, how many other affordable housing properties (and units) are there in San Diego?
In addition to Fairbanks Ridge at Del Sur, we list 216 other affordable properties in San Diego. Learn about these properties here. Our data research shows that there are a total of 19396 affordable units in San Diego.
When was the Fairbanks Ridge at Del Sur listing last updated?
Fairbanks Ridge at Del Sur listing on Affordable Housing Online was last updated on 01/03/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
Applying for housing with bad credit.
Most HUD housing programs, like Section 8 and Public Housing, do not have a credit check. But Section 8 landlords will likely require one for an available unit.Kara Qualls says:
"Affordable Housing Online is a great way to receive affordable housing information in all 50 states!"