1455 2nd Avenue, San Diego, CA 92101
Waiting List Forecast: Likely Short or None
Verified for 2019 by Lorena Bentley, Ayat Elkarib, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 1 Bed | 1 Bath | - |
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.
Luther Tower is a 200-unit 14 story residential apartment building that was previously developed through a HUD Section 202 loan and provides housing to qualified low income seniors 62 years and older. Luther Tower is now section 42 Tax Credit housing for seniors, 55 years and older. With New Ownership in place, Luther Tower has undergone both full unit and community space renovations and installed state of the art equipment.
They are located in downtown San Diego at 1455 2nd Avenue in close proximity to Interstate 5 and the airport. The building offers one full-time on-site service coordinator who assists residents with personal concerns such as filling out forms, reviewing your mail, reviewing medical bills, locating domestic services, reviewing social security issues and much more. In addition, they offer their seniors the opportunity to be involved in various activities in the building such as Friday night bingo, card playing, dominoes, puzzles and arts & crafts.
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 Luther Tower Apartments 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 |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| 1 Bedroom (1/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $48,250 / year | $55,150 / year | $62,050 / year | $68,900 / year | $74,450 / year | $79,950 / year | $85,450 / year | $90,950 / year |
| 50% AMI for PBRA Units | $48,250 / year | $55,150 / year | $62,050 / year | $68,900 / year | $74,450 / year | $79,950 / year | $85,450 / year | $90,950 / year |
| 60% AMI for LIHTC Units | $57,900 / year | $66,180 / year | $74,460 / year | $82,680 / year | $89,340 / year | $95,940 / year | $102,540 / year | $109,140 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Luther Tower Apartments have a waiting list?
Luther Tower 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 Luther Tower 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 Luther Tower Apartments?
Luther Tower Apartments is managed by Royal Property Management headquartered in San Diego, CA.
In addition to Luther Tower Apartments, how many other affordable housing properties (and units) are there in San Diego?
In addition to Luther Tower Apartments, we list 258 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.
1476 Imperial Ave, San Diego, California 92101
2875 Cowley Way, San Diego, California 92110
3690 Del Sol Blvd., San Diego, California 92154
3836 Alabama St, San Diego, California 92104
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