Affordable Housing Projects


The City of Fountain Valley provided funds to developers for the development of affordable housing units. In return, all of the units in the affordable projects are required to be sold to income eligible households, at an affordable price.

Occasionally, these units come up for sale. Subsequent buyers must meet income eligibility and affordability criteria for the term of the affordability. The information below is being provided for information purposes only and includes pertinent application documentation and eligibility requirements

Liberty at Founder's Village


This 55 and older Senior project was built in 2004 and is affordable to Low/Moderate Income Households for 55 years. View income restrictions and utility allowances (PDF) online, as well as the eligibility and instructions (PDF). The potential buyer must complete all of the following forms and provide all applicable back up documents to the city for verification of eligibility.

Applications are only accepted when a unit is for sale. Therefore, we do not pre-qualify and do not keep a list of eligible applicants. Once a unit is available, the potential buyer must comply with all eligibility requirements:
1.Gross Annual Income from all Household Members (whether on title or not) must be included and be below the Maximum for Household Size. See Income restrictions and utility allowances.
2.Affordable Unit must be affordable to the Household. Low Income Households cannot pay more than 30%  and Moderate Income  Households must pay between 28% and 35% of their gross monthly income for all housing costs to be considered affordable.
3.Housing Costs include Principle and Interest, Taxes, Insurance, HOA Dues, and Utility Allowance. See Income restrictions and utility allowances.
4.A Household is the Applicant and their immediate household members living in an established household (living together at least one year). 
5. This is a Senior Project, therefore all Applicants and Co-Applicants must be 55 or older to qualify.
 
If you believe you comply, complete all of the following forms and provide all applicable back up documents to the city for verification of eligibility, when requested to do so.

Heil Park

This low income project was built in 1993 and has a 30 year term. The sales price is determined annually by the City of Fountain Valley. Applications are only accepted when a unit is for sale. Therefore, we do not pre-qualify applicants and do not keep a list of eligible applicants. Once a unit is available, an Applicant will be advised when to provide all documentation to determine if they comply with all eligibility requirements, which are as follows:

  1. Gross Annual Income from all Household Members (whether on title or not) must be included and be below the Maximum for Household Size. See Income Limits and Utility Allowances. 
  2. Affordable Unit must be affordable to the Household. Low Income Households cannot pay more than 30% or their gross monthly income for all housing costs to be considered affordable.
  3. Housing Costs include Principle and Interest, Taxes, Insurance, HOA Dues, and Utility Allowance. See Income Limits and Utility Allowances.
  4. A Household is the Applicant and their immediate household members living in an established household (living together at least one year).

If you believe you comply, complete all of the following forms and provide all applicable back up documents to the city for verification of eligibility, when requested to do so.

List of Current Units for Sale
The City of Fountain Valley does not maintain a list of units currently for sale. Additionally, the City of Fountain Valley does not maintain a list of potential eligible buyers. The City of Fountain Valley will only review potential buyer documentation at the time an offer is being presented to the listing agent of a unit currently for sale.