About This Property
Neary Lagoon Cooperative in Santa Cruz offers 95 units of affordable housing, including 94 low-income units designed for families. The property features a mix of one, two, and three-bedroom units, with 23 one-bedrooms, 30 two-bedrooms, and 42 three-bedrooms available. Placed in service in 2014, this non-profit owned community is funded through HOME program resources and utilizes 9% 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 |
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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 Neary Lagoon Cooperative is typically 30% of household income or less.
What size apartments are available at Neary Lagoon Cooperative?+
Neary Lagoon Cooperative offers the following unit types: 23 One-Bedroom, 30 Two-Bedroom, 42 Three-Bedroom units, for a total of 95 units.
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, 3-bedroom: $5000. Actual rent at Neary Lagoon Cooperative may be lower for income-eligible households.
Who is eligible to live at Neary Lagoon Cooperative?+
Neary Lagoon Cooperative primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Neary Lagoon Cooperative?+
Neary Lagoon Cooperative is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Neary Lagoon Cooperative?+
Neary Lagoon Cooperative 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 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.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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