General Plan - Moreno Valley

CHAPTER 8 – HOUSINGMORENO VALLEY GENERAL PLANNOTES20 The National Agricultural Survey, April 1997. A Profile of U.S. Farm Workers, a reportprepared for the U.S. Department of Labor, Office of the Assistant Secretary for Policy.21 The National Agricultural Survey, p. 10.22 The National Agricultural Survey, p. 12.23 Very Low-Income total consists of the following projects with 55 year affordability covenants:271 units at Cottonwood Place Apts. Phases I-III; 69 units at Co-op Services Apts.; 40 units atCoachella Valley Housing Coalition Apts.; 2 units at Sunridge Apts.; 1 unit at RHDC Bay Apts.; 2 units atPostal Avenue Apts.; 42 units at Bay Family Apts.; 99 units at Oakwood Apartments; 60 units atSunnymead Villas. Units in projects with 30 year affordability covenants: 3 units at Amber Ridge Apts.; 6Habitat for Humanity houses with 30-year affordability and resale restrictions.24Stradling Yocca Carlson & Rauth, 2005 S.B./Riverside County Affordable Housing Worksheet.Low-Income total consists of the following projects: The following projects have 55 year affordabilitycovenants as a result of RDA assistance: 6 units at Sunridge Apts.rehabilitated in part with Agency funds;142 units at Oakwood Apartments; 18 units at Bay Family Apartments; 3 units at RHDC Bay Apts.; 6units at Postal Avenue Apartments. Projects with 30 year affordability covenants: 32 units at AmberRidge Apartments. Affordable rent for lower income households is the product of 30% times 60% of thearea median income adjusted for family size, pursuant to Health and Safety Code Section 50053(b)(3). In2005, affordable rent for a 1 bedroom unit could not exceed $667.50; for a 2 bedroom $751.50; rent for a3 bedroom unit $834.75.25 City of Moreno Valley, Economic Development Department, New Residential Construction-Single Family & Multi-Family (8/30/04 Report). Moderate-income total consists of the following 1,350multi-family market rate rental units. Affordable rent for a moderate income household is the product of30% times 110% of area median income adjusted for family size, pursuant to Health and Safety CodeSection 50053(b)(4). In 2005, affordable rent for a 1 bedroom unit could not exceed $1,223.75;$1,377.75 for a 2 bedroom; $1,5380.38 for a 3 bedroom unit. 174 units at Quail Point Apts.; 176 units atBroadstone Apts.; 304 units at Lasselle Place Apts. rents ranging from $960-$1580; 552 units at Legacyat Town Gate Apts.; 144 units at Box Springs Apts. The for sale moderate income total consists of: 18units at Dracaea Avenue Condominiums; 165 and 126 condominium units by Forecast Homes; 222condominium units by DR Horton; 206 units at Vista Springs Apts.; 60 condominium units onSunnymead Blvd. All units are considered affordable to moderate income households based on salesprice in 2004 ranging from $172,000 to $200,000.Page 8-115 July 11, 2006