About This Property
Monarch Village Apts comprises 206 units in Santa Cruz, including 83 low-income units designated for families. The community includes 77 one-bedroom and 8 two-bedroom units and has been in service since 2003. The property is financed through tax-exempt bonds and utilizes 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Santa Cruz 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 | $2,849 |
| 1 Bedroom | $3,085 |
| 2 Bedroom | $4,054 |
| 3 Bedroom | $5,000 |
| 4 Bedroom | $5,504 |
Income Limits - Santa Cruz County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $29,200
- Very Low (50%)
- $48,650
- Low (80%)
- $78,050
- Extremely Low (30%)
- $33,400
- Very Low (50%)
- $55,600
- Low (80%)
- $89,200
- Extremely Low (30%)
- $37,550
- Very Low (50%)
- $62,550
- Low (80%)
- $100,350
- Extremely Low (30%)
- $41,700
- Very Low (50%)
- $69,500
- Low (80%)
- $111,500
- Extremely Low (30%)
- $45,050
- Very Low (50%)
- $75,100
- Low (80%)
- $120,450
- Extremely Low (30%)
- $48,400
- Very Low (50%)
- $80,650
- Low (80%)
- $129,350
- Extremely Low (30%)
- $51,750
- Very Low (50%)
- $86,200
- Low (80%)
- $138,300
- Extremely Low (30%)
- $55,050
- Very Low (50%)
- $91,750
- Low (80%)
- $147,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $29,200 | $48,650 | $78,050 |
| 2 Persons | $33,400 | $55,600 | $89,200 |
| 3 Persons | $37,550 | $62,550 | $100,350 |
| 4 Persons | $41,700 | $69,500 | $111,500 |
| 5 Persons | $45,050 | $75,100 | $120,450 |
| 6 Persons | $48,400 | $80,650 | $129,350 |
| 7 Persons | $51,750 | $86,200 | $138,300 |
| 8 Persons | $55,050 | $91,750 | $147,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Santa Cruz, CA?+
The Fair Market Rent (FMR) for Santa Cruz County, CA is: $2849 (Studio), $3085 (1BR), $4054 (2BR), $5000 (3BR), $5504 (4BR). Actual rent at subsidized properties like Monarch Village Apts is typically 30% of household income or less.
What size apartments are available at Monarch Village Apts?+
Monarch Village Apts offers the following unit types: 77 One-Bedroom, 8 Two-Bedroom units, for a total of 206 units.
Who is eligible to live at Monarch Village Apts?+
Monarch Village Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Monarch Village Apts?+
Monarch Village Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Santa Cruz County, CA?+
For a 4-person household in Santa Cruz County, CA, the income limits are: Extremely Low Income (30% AMI): $41,700, Very Low Income (50% AMI): $69,500, Low Income (80% AMI): $111,500. These limits are set by HUD and updated annually.
How do I apply for housing at Monarch Village Apts?+
Monarch 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.
What is the price range for apartments in Santa Cruz, CA?+
Based on Fair Market Rent for Santa Cruz County, the estimated price range is: 1-bedroom: $3085, 2-bedroom: $4054. Actual rent at Monarch Village Apts may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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