Valencia Senior Community Offering Affordable Housing

FountainGlen Properties, LP., headquartered in Irvine has agreed to offer 8 affordable apartment rental units at their new development called FoutainGlen at Valencia which is located near the corner of Decoro and McBean. This agreement, now puts the City of Santa Clarita ahead of schedule of its June 2007 deadline, putting them in compliance with state affordable housing regulations.

Whenever market-rate housing is developed within Santa Clarita Redevelopment Agency areas, a certain number of affordable housing units must also be built. Additionally the same developer also included two affordable units to be offered at a Newhall 14 unit building that was built in 2002.

The senior citizen community of FoutianGlen at Valencia will include 226 apartment homes that will feature 1 bedroom 1 baths, 2 bedroom 1 baths, and 2 bedroom 2 baths. Tenants must meet certain eligibility requirements in order to qualify for these units. There will be 3 different categories of affordable housing offered: "very low income ($16,650/yr income)", "low income ($27,700/yr income)", and "moderate income ($44,350 yr/income or less)."

It is difficult no matter where you go to find affordable housing for those with limited incomes. Assuming there is one, the waiting list for this type of housing program is likely to be pages and pages long. With prospective tenants likely to frequent the leasing office asking where their name is on the list. Developers this day in age, are certainly not going above and beyond to offer this type of housing with the bottom line always being an issue. If this type of housing is what city residents want to see more of, then you will need to lobby the planning commission and city council who quite possibly may have it in themselves to go above and beyond the status quo.

Visit Robert at his Santa Clarita Real Estate website & find homes @ http://www.thescvagent.com/