521 N La Cumbre Rd
Santa Barbara, CA - 93110
Total Apartment Units: 60
Total Apartment Low Income Apartments: 60
Years In Service Since: 1988
Senior Apartments: YES
Villa Santa Fe Apartments II was part of a multi-million dollar rehabilitation and financial repositioning of two senior apartment complexes owned by the Housing Authority – Villa Santa Fe Apartments I (formerly known as SHIFCO) and Villa Santa Fe Apartments II (formerly known as Villa La Cumbre). Transforming these two properties involved changing the ownership structure and conducting substantial physical rehabilitation, which was completed in 2014.
Through extensive collaboration, Villa Santa Fe I gave 60 units a new 50+ year life in service to low-income seniors in Santa Barbara.
The Villa Santa Fe Development Team included:
Housing Authority of the City of Santa Barbara (Landowner and Developer)
2nd Story Associates (Managing General Partner and Housing Authority non-profit affiliate)
Garden Court, Inc. (Co-General Partner and Housing Authority non-profit affiliate)
Union Bank (Equity Investor-Low Income Housing Tax Credit Investor)
DH&G LLC (Developer’s Consultant)
Kantor Taylor Nelson Evatt & Decina PC (Tax Credit & FHA Loan Counsel)
Bellwether Enterprises (Lender)
Price, Postel & Parma (HA General Counsel)
Quint & Thimmig LLP (Bond Counsel)
Citi (Bond Purchaser)
Fidelity National Title Company
Department of Housing and Urban Development
MoveGreen
Amenities
on-site management
laundry hook-ups in units and laundry facilities
community room with kitchen
community computer with internet access
garages
Important information
Waiting Lists
Most low income apartments have waiting lists. Some of these lists can take years until you can be called for openings. The key is to try to get on as many waiting lists as possible.
Call The Apartments Directly
We provide phone numbers and websites. Call the apartments directly if they have openings or open waiting lists.
Apartment Rates
We provide current apartment rates on many listing pages. Most HUD listings do not have published rates. They are based on 30% of the renters adjustable gross income. You will need to contact the apartments to determine if you qualify for income based rent.
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First rate Villa Santa Fe Senior Apartments:
Median apartment rental rate in this zip code | $1,957 |
Population in zip code | 16,849 |
Median age of those living in this zip code | 46.5 |
Average household income of those living in this zip code | $87,111 |
Average home value in this zip code | $836,258 |
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First rate Villa Santa Fe Senior Apartments:
4011 Via Lucero, Santa Barbara, CA
4234 Pozzo Circle, Santa Barbara, CA
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