Mixed Income Housing
Providing market rate and affordable housing in transit-rich areas and close to existing shops and services is a key priority for local, regional and statewide policy makers.
The OTC redevelopment is uniquely situated to support this effort.
Housing Breakdown
Each site will have mixed-income housing and resident exclusive amenities.
Tremont - 547 units (82 affordable)
Mission - 206 units (31 affordable)
A mix of one to three bedroom options will be available for rent. The homes will be developed and managed by Toll Brothers Apartment Living.
Tremont Site
Mission Site
Affordable Housing
We recognize the value of incorporating affordable units into market-rate projects and are proud to be building these much-needed units on-site, instead of paying the in-lieu fee.
10% of the total units, or 75, will be for low-income households
5% of the total units, or 38, will be dedicated for moderate-income households
The Project exceeds Oceanside Affordable Housing requirements.
15% of the homes at each site will be designated affordable housing.
Affordable Housing qualifications are defined by the Department of Housing and Urban Development’s (HUD) annual assessment of an area’s median household income (AMI) and fair market rent of that area.
For example, a single person making $72,900 - $89,800 would qualify. This includes teachers, nurses, and police officers.
See complete HUD income chart below.
Source: www.hcd.ca.gov/sites/default/files/docs/grants-and-funding/income-limits-2023.pdf
To learn more about California State Affordable Housing requirements, please click here.