The mix of one-, two-, and three-bedroom apartments at Paseo La Paz will be affordable to residents earning up to 60 percent of San Diego’s Area Median Income. Construction of Paseo La Paz is estimated to be completed in November 2019.
Site amenities will include 2,000 square feet of community space, a lounge and kitchen, laundry facilities, a computer lab, a leasing office and outdoor recreation space with a children’s play area. Unit amenities will include: a balcony and attached storage space, Energy Star appliances (including dishwasher, refrigerator, and stove) and hard-surface flooring. There will be 154 parking spaces for residents.
This property is currently under construction.
Construction of Paseo La Paz is estimated to be completed in November 2019
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Paseo La Paz Apartments is managed by San Diego Housing Commission.