About This Property
Cypress Cove comprises 198 units in Escondido, with 196 designated as low-income housing. The property, placed in service in 2000, offers a unit mix of 50 one-bedroom, 100 two-bedroom, and 50 three-bedroom apartments. Financing includes 4% LIHTC credits and tax-exempt bonds.
Property Details
Fair Market Rent - San Diego 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 | $2,062 |
| 1 Bedroom | $2,248 |
| 2 Bedroom | $2,833 |
| 3 Bedroom | $3,819 |
| 4 Bedroom | $4,638 |
Income Limits - San Diego County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $25,450
- Very Low (50%)
- $42,450
- Low (80%)
- $67,900
- Extremely Low (30%)
- $29,100
- Very Low (50%)
- $48,500
- Low (80%)
- $77,600
- Extremely Low (30%)
- $32,750
- Very Low (50%)
- $54,550
- Low (80%)
- $87,300
- Extremely Low (30%)
- $36,350
- Very Low (50%)
- $60,600
- Low (80%)
- $97,000
- Extremely Low (30%)
- $39,300
- Very Low (50%)
- $65,450
- Low (80%)
- $104,800
- Extremely Low (30%)
- $42,200
- Very Low (50%)
- $70,300
- Low (80%)
- $112,550
- Extremely Low (30%)
- $45,100
- Very Low (50%)
- $75,150
- Low (80%)
- $120,300
- Extremely Low (30%)
- $48,000
- Very Low (50%)
- $80,000
- Low (80%)
- $128,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $25,450 | $42,450 | $67,900 |
| 2 Persons | $29,100 | $48,500 | $77,600 |
| 3 Persons | $32,750 | $54,550 | $87,300 |
| 4 Persons | $36,350 | $60,600 | $97,000 |
| 5 Persons | $39,300 | $65,450 | $104,800 |
| 6 Persons | $42,200 | $70,300 | $112,550 |
| 7 Persons | $45,100 | $75,150 | $120,300 |
| 8 Persons | $48,000 | $80,000 | $128,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Escondido, CA?+
The Fair Market Rent (FMR) for San Diego County, CA is: $2062 (Studio), $2248 (1BR), $2833 (2BR), $3819 (3BR), $4638 (4BR). Actual rent at subsidized properties like Cypress Cove is typically 30% of household income or less.
What size apartments are available at Cypress Cove?+
Cypress Cove offers the following unit types: 50 One-Bedroom, 100 Two-Bedroom, 50 Three-Bedroom units, for a total of 198 units.
What is the price range for apartments in Escondido, CA?+
Based on Fair Market Rent for San Diego County, the estimated price range is: 1-bedroom: $2248, 2-bedroom: $2833, 3-bedroom: $3819. Actual rent at Cypress Cove may be lower for income-eligible households.
What are the income limits for affordable housing in San Diego County, CA?+
For a 4-person household in San Diego County, CA, the income limits are: Extremely Low Income (30% AMI): $36,350, Very Low Income (50% AMI): $60,600, Low Income (80% AMI): $97,000. These limits are set by HUD and updated annually.
How do I apply for housing at Cypress Cove?+
Cypress Cove is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Cypress Cove?+
Cypress Cove is managed by . You can reach them at .
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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