"Salerno broke ground Sept. 19 at Nightmist and Sand Canyon Avenue. When it opens in fall 2020, the $37.7 million complex with a pool, exercise room and tot lot will include 35 apartments for veterans, people with developmental disabilities and families at risk of homelessness; a majority of the remaining units will be reserved for families earning less than half the area median income.
The land trust is providing the land and a $6.8 million loan to the developer. Other loans and funding come from tax credits, the county and Citi Bank, according to a press release. Rents will run from about $550 to $695 a month."
I have a feeling the number of applicants will far exceed the supply, by factor of 100x.