About This Property
Paloma Summit Apts comprises 200 units in Foothill Ranch, Orange County, including 40 low-income units serving residents since 1991. The property offers a unit mix of 100 one-bedroom, 80 two-bedroom, and 20 three-bedroom apartments, financed through tax-exempt bonds and supported by 4% Low-Income Housing Tax Credit allocation. The community operates under professional management and continues to provide housing options for the local area.
Property Details
Fair Market Rent - Orange 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 | $2,200 |
| 1 Bedroom | $2,344 |
| 2 Bedroom | $2,783 |
| 3 Bedroom | $3,769 |
| 4 Bedroom | $4,467 |
Income Limits - Orange County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $28,250
- Very Low (50%)
- $47,100
- Low (80%)
- $75,300
- Extremely Low (30%)
- $32,300
- Very Low (50%)
- $53,800
- Low (80%)
- $86,050
- Extremely Low (30%)
- $36,350
- Very Low (50%)
- $60,550
- Low (80%)
- $96,800
- Extremely Low (30%)
- $40,350
- Very Low (50%)
- $67,250
- Low (80%)
- $107,550
- Extremely Low (30%)
- $43,600
- Very Low (50%)
- $72,650
- Low (80%)
- $116,200
- Extremely Low (30%)
- $46,850
- Very Low (50%)
- $78,050
- Low (80%)
- $124,800
- Extremely Low (30%)
- $50,050
- Very Low (50%)
- $83,400
- Low (80%)
- $133,400
- Extremely Low (30%)
- $53,300
- Very Low (50%)
- $88,800
- Low (80%)
- $142,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $28,250 | $47,100 | $75,300 |
| 2 Persons | $32,300 | $53,800 | $86,050 |
| 3 Persons | $36,350 | $60,550 | $96,800 |
| 4 Persons | $40,350 | $67,250 | $107,550 |
| 5 Persons | $43,600 | $72,650 | $116,200 |
| 6 Persons | $46,850 | $78,050 | $124,800 |
| 7 Persons | $50,050 | $83,400 | $133,400 |
| 8 Persons | $53,300 | $88,800 | $142,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Foothill Ranch, CA?+
The Fair Market Rent (FMR) for Orange County, CA is: $2200 (Studio), $2344 (1BR), $2783 (2BR), $3769 (3BR), $4467 (4BR). Actual rent at subsidized properties like Paloma Summit Apts is typically 30% of household income or less.
What size apartments are available at Paloma Summit Apts?+
Paloma Summit Apts offers the following unit types: 100 One-Bedroom, 80 Two-Bedroom, 20 Three-Bedroom units, for a total of 200 units.
Who manages Paloma Summit Apts?+
Paloma Summit Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Foothill Ranch, CA?+
Based on Fair Market Rent for Orange County, the estimated price range is: 1-bedroom: $2344, 2-bedroom: $2783, 3-bedroom: $3769. Actual rent at Paloma Summit Apts may be lower for income-eligible households.
How do I apply for housing at Paloma Summit Apts?+
Paloma Summit 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.
What are the income limits for affordable housing in Orange County, CA?+
For a 4-person household in Orange County, CA, the income limits are: Extremely Low Income (30% AMI): $40,350, Very Low Income (50% AMI): $67,250, Low Income (80% AMI): $107,550. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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