505 62nd Street, San Diego, CA 92114
Waiting List Forecast: Likely Short or None
Verified for 2019 by Lorena Bentley, Ayat Elkarib, Ric Gresia, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 - 2 Baths | 900 - 1,125 Sq Ft |
This property is currently under construction.
This property is currently under construction.
Villa Encantada will consist of 66 affordable 2 and 3 bedroom units. They are excited to bring Villa Encantada to the community of Encanto.
Because Villa Encantada 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 |
|---|---|---|
| 2 Bedroom (2/1) | 900ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1125ft2 | Call for Price† |
| 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 Villa Encantada Apartments have a waiting list?
Villa Encantada 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 Villa Encantada 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 Villa Encantada Apartments?
Villa Encantada Apartments is managed by FPI Management, Inc. headquartered in Folsom, California.
In addition to Villa Encantada Apartments, how many other affordable housing properties (and units) are there in San Diego?
In addition to Villa Encantada 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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