About This Property
Pescadero Lofts in Isla Vista comprises 33 units of affordable housing that opened in 2014, including 26 studios, 6 one-bedroom units, and 1 two-bedroom unit. The property provides 32 low-income housing units and serves individuals experiencing homelessness and people with disabilities. Pescadero Lofts operates as a non-profit owned community and receives 9% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Santa Barbara 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 | $2,330 |
| 1 Bedroom | $2,651 |
| 2 Bedroom | $2,994 |
| 3 Bedroom | $3,996 |
| 4 Bedroom | $4,528 |
Income Limits - Santa Barbara County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $26,250
- Very Low (50%)
- $43,750
- Low (80%)
- $70,050
- Extremely Low (30%)
- $30,000
- Very Low (50%)
- $50,000
- Low (80%)
- $80,050
- Extremely Low (30%)
- $33,750
- Very Low (50%)
- $56,250
- Low (80%)
- $90,050
- Extremely Low (30%)
- $37,450
- Very Low (50%)
- $62,450
- Low (80%)
- $100,050
- Extremely Low (30%)
- $40,450
- Very Low (50%)
- $67,450
- Low (80%)
- $108,100
- Extremely Low (30%)
- $43,450
- Very Low (50%)
- $72,450
- Low (80%)
- $116,100
- Extremely Low (30%)
- $46,450
- Very Low (50%)
- $77,450
- Low (80%)
- $124,100
- Extremely Low (30%)
- $49,450
- Very Low (50%)
- $82,450
- Low (80%)
- $132,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $26,250 | $43,750 | $70,050 |
| 2 Persons | $30,000 | $50,000 | $80,050 |
| 3 Persons | $33,750 | $56,250 | $90,050 |
| 4 Persons | $37,450 | $62,450 | $100,050 |
| 5 Persons | $40,450 | $67,450 | $108,100 |
| 6 Persons | $43,450 | $72,450 | $116,100 |
| 7 Persons | $46,450 | $77,450 | $124,100 |
| 8 Persons | $49,450 | $82,450 | $132,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Isla Vista, CA?+
The Fair Market Rent (FMR) for Santa Barbara County, CA is: $2330 (Studio), $2651 (1BR), $2994 (2BR), $3996 (3BR), $4528 (4BR). Actual rent at subsidized properties like Pescadero Lofts is typically 30% of household income or less.
What size apartments are available at Pescadero Lofts?+
Pescadero Lofts offers the following unit types: 26 Studio, 6 One-Bedroom, 1 Two-Bedroom units, for a total of 33 units.
Who manages Pescadero Lofts?+
Pescadero Lofts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Pescadero Lofts?+
Pescadero Lofts 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 is eligible to live at Pescadero Lofts?+
Pescadero Lofts primarily serves persons with disabilities, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Isla Vista, CA?+
Based on Fair Market Rent for Santa Barbara County, the estimated price range is: 1-bedroom: $2651, 2-bedroom: $2994. Actual rent at Pescadero Lofts may be lower for income-eligible households.
What are the income limits for affordable housing in Santa Barbara County, CA?+
For a 4-person household in Santa Barbara County, CA, the income limits are: Extremely Low Income (30% AMI): $37,450, Very Low Income (50% AMI): $62,450, Low Income (80% AMI): $100,050. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Pescadero Lofts
L.C. Grossman (Aka Aparicio V)
Goleta, CA
14 UnitsSandpiper Apartments
Goleta, CA
68 UnitsStorke Ranch Family Apts
Goleta, CA
36 UnitsSt Vincent'S Garden
Santa Barbara, CA
75 UnitsParkview Apts (Isla Vista)
Isla Vista, CA
20 UnitsPositano Apartments
Santa Barbara, CA
118 Units