About This Property
Harmony Terrace comprises 136 apartments in Simi Valley, with 134 units designated as low-income housing serving elderly residents. The property includes 111 one-bedroom and 25 two-bedroom units and has been in service since 1999. The development receives 9% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Ventura 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 | $1,725 |
| 1 Bedroom | $2,011 |
| 2 Bedroom | $2,414 |
| 3 Bedroom | $3,310 |
| 4 Bedroom | $3,867 |
Income Limits - Ventura County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $23,600
- Very Low (50%)
- $39,250
- Low (80%)
- $62,800
- Extremely Low (30%)
- $26,950
- Very Low (50%)
- $44,850
- Low (80%)
- $71,800
- Extremely Low (30%)
- $30,300
- Very Low (50%)
- $50,450
- Low (80%)
- $80,750
- Extremely Low (30%)
- $33,650
- Very Low (50%)
- $56,050
- Low (80%)
- $89,700
- Extremely Low (30%)
- $36,350
- Very Low (50%)
- $60,550
- Low (80%)
- $96,900
- Extremely Low (30%)
- $39,050
- Very Low (50%)
- $65,050
- Low (80%)
- $104,100
- Extremely Low (30%)
- $41,750
- Very Low (50%)
- $69,550
- Low (80%)
- $111,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $74,000
- Low (80%)
- $118,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $23,600 | $39,250 | $62,800 |
| 2 Persons | $26,950 | $44,850 | $71,800 |
| 3 Persons | $30,300 | $50,450 | $80,750 |
| 4 Persons | $33,650 | $56,050 | $89,700 |
| 5 Persons | $36,350 | $60,550 | $96,900 |
| 6 Persons | $39,050 | $65,050 | $104,100 |
| 7 Persons | $41,750 | $69,550 | $111,250 |
| 8 Persons | $44,660 | $74,000 | $118,450 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Simi Valley, CA?+
The Fair Market Rent (FMR) for Ventura County, CA is: $1725 (Studio), $2011 (1BR), $2414 (2BR), $3310 (3BR), $3867 (4BR). Actual rent at subsidized properties like Harmony Terrace is typically 30% of household income or less.
What size apartments are available at Harmony Terrace?+
Harmony Terrace offers the following unit types: 111 One-Bedroom, 25 Two-Bedroom units, for a total of 136 units.
Who manages Harmony Terrace?+
Harmony Terrace is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Harmony Terrace?+
Harmony Terrace 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 Harmony Terrace?+
Harmony Terrace primarily serves elderly residents. 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 Simi Valley, CA?+
Based on Fair Market Rent for Ventura County, the estimated price range is: 1-bedroom: $2011, 2-bedroom: $2414. Actual rent at Harmony Terrace may be lower for income-eligible households.
What are the income limits for affordable housing in Ventura County, CA?+
For a 4-person household in Ventura County, CA, the income limits are: Extremely Low Income (30% AMI): $33,650, Very Low Income (50% AMI): $56,050, Low Income (80% AMI): $89,700. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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