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Lakeview I: An Affordable Family Community Affordable Housing for Low to Very Low-Income Households Lakeview I is an affordable family community that offers a variety of apartment sizes, including 1, 2, and 3 bedroom units. The property is dedicated to serving households with low to very low incomes, making it an ideal option for those in need of affordable housing. Financial Support from Prudential Mortgage Capital and Freddie Mac To make Lakeview I a reality, Prudential Mortgage Capital provided tax-exempt bond financing, while Freddie Mac offered credit enhancement. These financial contributions played a crucial role in establishing and supporting this community. Low Income Housing Tax Credits from Union Bank Union Bank acquired Low Income Housing Tax Credits for Lakeview I, further contributing to the affordability and accessibility of the apartments. By partnering with Union Bank, the community could provide rental assistance to qualified households, ensuring that those in need can find a safe and comfortable place to live. Additional Financing from USDA Rural Development USDA Rural Development also provided additional financing for Lakeview I, enabling vital renovation projects to take place. These improvements included new roofs, fresh paint, updated entry doors, energy efficient windows and patio doors, upgraded fencing, enhanced HVAC systems, improved signage, and enhancements to drainage, landscaping, paving, and site accessibility. Modernized Kitchens and Bathrooms The renovations at Lakeview I extended to the interiors of the apartments as well. The kitchens and bathrooms received a complete makeover, featuring new cabinets, countertops, appliances, plumbing fixtures, flooring, and energy efficient lighting. These upgrades enhance the functionality and aesthetics of the living spaces, making them more enjoyable for the residents. Enhanced Community Facilities Lakeview I didn't solely focus on individual apartments; it also sought to improve the overall quality of life for its residents. To achieve this, a new community room, computer learning center, picnic area, and leasing office were added. These additions provide residents with communal spaces to socialize, learn, relax, and access necessary services. Availability and Application Process USDA Rental Assistance and affordable units are available for qualified households at Lakeview I. While many apartments have waiting lists nowadays, we provide the contact number for Lakeview I so that you can reach out directly to inquire about availability and the application process. Income Verification and Application Details When applying for an apartment at Lakeview I, it is essential to include and verify the income of all adults who will be residing there. Further details on income requirements and specific application procedures can be obtained by contacting the provided number. Apartment Sizes at Lakeview I 1 Bedroom Apartments: Lakeview I offers comfortable 1 bedroom apartments, providing individuals or smaller families with an affordable and cozy living space. 2 Bedroom Apartments: For those needing a bit more space, Lakeview I offers 2 bedroom apartments that accommodate larger families or individuals who prefer a roomier layout. 3 Bedroom Apartments: Lakeview I also has 3 bedroom apartments available, ideal for larger families or individuals who require additional space. By dividing the information into headings, the text becomes more organized and easier to navigate for readers.
32209 Riverside Dr, Lake Elsinore, CA 92530
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