Hotel De Riviera Santa Barbara

About This Building

Affordable Housing Option in Santa Barbara, CA Hotel De Riviera Santa Barbara: Low-Income Housing Tax Credit Apartments Overview: Hotel De Riviera Santa Barbara offers a fantastic opportunity for individuals searching for affordable housing options in Santa Barbara, CA. These rental apartments are supported by the Low-Income Housing Tax Credit (LIHTC) program and adhere to specific rent and income restrictions. It is important to note that, despite its affordability, the maximum rent is determined by the Area Median Income (AMI), which may render it unattainable for some low-income individuals. However, we encourage you to review the current rental rates to assess its affordability for you. With 30 low-income apartments available, we understand that demand is high, but we provide this listing so you can directly contact the management to inquire about eligibility and the application process. Details: 1. LIHTC Program: The LIHTC program incentivizes builders and developers to offer affordable housing to those with low incomes. This initiative aims to bridge the gap between income and living costs, ensuring that everyone has access to suitable housing options. 2. AMI-based Rent: The maximum rent charged for apartments within this complex is determined by the Area Median Income (AMI). While this ensures affordability for many, some low-income individuals might still find it challenging to meet the rent requirements. Therefore, please review the current rental rates to assess whether they meet your financial capabilities. 3. Limited Availability: As affordable housing demand constantly exceeds supply, it is common for apartments to have waiting lists. However, we provide this listing to help you directly connect with the management. By contacting them at the provided number, you can inquire about potential availability and whether you qualify to reside in Hotel De Riviera Santa Barbara. Application Process: To apply for residency at Hotel De Riviera Santa Barbara, please consider the following steps: 1. Income Verification: At the time of application, it is crucial to include and verify the income of all adults who will be residing in the apartment. The management team will guide you through the necessary procedures and provide further details upon request. 2. Contact Information: For additional information and inquiries, please call the management team using the provided number. They will assist you with any questions you may have and guide you through the application process. Note: Familiarize Yourself With LIHTC Units: To make an informed decision, it is beneficial to acquaint yourself with Low-Income Tax Credit (LIHTC) units available for rent. Understanding the program will help you fully comprehend the benefits and eligibility criteria associated with Hotel De Riviera Santa Barbara's low-income apartments. Take the first step towards affordable housing and contact the management team today. Your dream of a comfortable, affordable home in Santa Barbara can become a reality with Hotel De Riviera Santa Barbara!