Cypress Cove, in Tulare on Cypress and Laspina, consists of fifty-two 1-bedroom duplexes. Open to applicants with low to moderate incomes, Cypress Cove offers two affordable, fixed-rent levels based upon income and availability. The entire complex is enclosed with a security gate, and each unit has its own alarm system. Residents appreciate the nearby city bus stop, and enjoy making use of an on-site community building with kitchen facilities.
|1 Bedroom (1/1)||-||Income Based|
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.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Tulare but actual income limits may differ for units at Cypress Cove.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$24,500||$28,000||$31,500||$34,950||$37,750||$40,550||$43,350||$46,150|
|Low Income (60%)||$29,400||$33,600||$37,800||$41,940||$45,300||$48,660||$52,020||$55,380|
Cypress Cove is managed by Housing Authority of Tulare County.