About This Property
Heritage Village Apts is a 50-unit affordable housing community in Los Banos that serves elderly residents. The property contains 46 one-bedroom and four two-bedroom units, with 49 designated as low-income housing. Placed in service in 2004, the community is financed through tax-exempt bonds and utilizes 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Merced 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 | $994 |
| 1 Bedroom | $1,159 |
| 2 Bedroom | $1,420 |
| 3 Bedroom | $1,995 |
| 4 Bedroom | $2,410 |
Income Limits - Merced 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 Los Banos, CA?+
The Fair Market Rent (FMR) for Merced County, CA is: $994 (Studio), $1159 (1BR), $1420 (2BR), $1995 (3BR), $2410 (4BR). Actual rent at subsidized properties like Heritage Village Apts is typically 30% of household income or less.
What size apartments are available at Heritage Village Apts?+
Heritage Village Apts offers the following unit types: 46 One-Bedroom, 4 Two-Bedroom units, for a total of 50 units.
How do I apply for housing at Heritage Village Apts?+
Heritage Village Apts 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 Heritage Village Apts?+
Heritage Village Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Los Banos, CA?+
Based on Fair Market Rent for Merced County, the estimated price range is: 1-bedroom: $1159, 2-bedroom: $1420. Actual rent at Heritage Village Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Merced County, CA?+
For a 4-person household in Merced 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.
Who is eligible to live at Heritage Village Apts?+
Heritage Village Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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