About This Property
Olympic Village contains 54 units in Clearlake, with 53 designated as low-income housing. The property has served elderly residents since 2008 and includes 44 one-bedroom and 10 two-bedroom units, financed through 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Lake County, CA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $928 |
| 1 Bedroom | $964 |
| 2 Bedroom | $1,267 |
| 3 Bedroom | $1,785 |
| 4 Bedroom | $2,150 |
Income Limits - Lake County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,650
- Very Low (50%)
- $24,400
- Low (80%)
- $39,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,900
- Low (80%)
- $44,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,400
- Low (80%)
- $50,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,850
- Low (80%)
- $55,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,650
- Low (80%)
- $60,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,450
- Low (80%)
- $64,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,250
- Low (80%)
- $69,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,050
- Low (80%)
- $73,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,650 | $24,400 | $39,050 |
| 2 Persons | $17,420 | $27,900 | $44,600 |
| 3 Persons | $21,960 | $31,400 | $50,200 |
| 4 Persons | $26,500 | $34,850 | $55,750 |
| 5 Persons | $31,040 | $37,650 | $60,250 |
| 6 Persons | $35,580 | $40,450 | $64,700 |
| 7 Persons | $40,120 | $43,250 | $69,150 |
| 8 Persons | $44,660 | $46,050 | $73,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Clearlake, CA?+
The Fair Market Rent (FMR) for Lake County, CA is: $928 (Studio), $964 (1BR), $1267 (2BR), $1785 (3BR), $2150 (4BR). Actual rent at subsidized properties like Olympic Village is typically 30% of household income or less.
What size apartments are available at Olympic Village?+
Olympic Village offers the following unit types: 44 One-Bedroom, 10 Two-Bedroom units, for a total of 54 units.
Who is eligible to live at Olympic Village?+
Olympic Village primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Olympic Village?+
Olympic Village is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Olympic Village?+
Olympic Village is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Clearlake, CA?+
Based on Fair Market Rent for Lake County, the estimated price range is: 1-bedroom: $964, 2-bedroom: $1267. Actual rent at Olympic Village may be lower for income-eligible households.
What are the income limits for affordable housing in Lake County, CA?+
For a 4-person household in Lake County, CA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,850, Low Income (80% AMI): $55,750. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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