The Village at Victorville

16711 Chalon Avenue Victorville, CA 92395
Status: Available
Year Built: 2005
Price: UNPRICED OFFERING
For more information please contact:
john@lihtcadvisors.com
# of Units: 81
# of Buildings: 19
# of Stories: 2
Rentable SF: 72,415
Lot Size: 6.74 Acres
Density: 11.87 Units/Acre

Highlights:

  • Excellent AMI Growth in San Bernardino County with a 22.64% Increase Since 2016
  • Victorville is Situated Along I-15 and is Less Than an Hour Away from the Inland Empire and 2 Hours From Los Angeles, CA
  • Post Year 15 LIHTC Property Located Near Large Retail Centers, Parks, Schools, and Restaurants
  • The San Bernardino County Rent and Income Limits Increased by Nearly 5% from 2019 to 2020, Creating Significant Rental Upside at the Property

Description:

The Village at Victorville is an 81-unit affordable housing community located in Victorville, CA. Residents enjoy access to major shopping areas, dining, and Interstate 15. The property is also near the Mojave Narrows Regional Park and a 10 minute commute to Victor Valley College.

The property was built and placed in service in 2005 under the Section 42 Low Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires 80 units to be rented to income qualifying residents earning no more than 40%, 45%, & 50% of Area Median Income (AMI) limits, which are provided by the California Tax Credit Allocation Committee (TCAC). The remaining unit is unrestricted and reserved for the on-site manager. The property is beyond its initial tax credit compliance period.

Residents benefit from community amenities such as a community pool, playground, picnic area with bbq grill, an on-site laundry facility, and resident clubhouse. The Village at Victorville offers one, two, and three bedroom floorplans that come standard with a patio/balcony, and a kitchen equipped with a dishwasher, refrigerator, and oven. Three bedroom units also come standard with washer and dryer connections.

 

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