Lottery opens for 50 affordable housing units in Pismo Beach. Here’s how to sign up

A lottery for a chance to rent one of 50 new units of affordable housing in Pismo Beach is now open for signups.

Pismo Terrace, a collaborative 1.2-acre housing project between the 5Cities Homeless Coalition and People’s Self-Help Housing located at 855 4th St., will provide Pismo Beach with affordable housing for very low-income households when construction is completed around September 2023, People’s Self-Help Housing’s application website said.

Pre-applications opened Monday and will close by the end of Monday, April 10, the application said.

The pre-application process places names into a lottery to establish the order of who will get to apply for the units, the pre-application form said. The lottery will be held April 20.

Applicants will be notified of their lottery processing number within two weeks of the lottery, the application form said.

To move forward once a pre-application has been selected for processing, People’s Self-Help Housing said applicants will need to provide paycheck stubs from the past three months, their current pension or retirement benefit statements, Social Security benefit letters, W-2s or 1099s from the past two years, copies of bank statements for all accounts over the past six months, copies of photo identification for all adults, copies of birth certificates, and a $26 credit check fee for each adult household member.

Because the project is designated for very low-income applicants — meaning people who make between 30% and 60% of the area median income — rent will cost around 30% of applicants’ incomes, People’s Self Help Housing president Ken Triguiero told The Tribune.

To qualify for the project, a household of one person would need to less than $45,960. A household of two would qualify if the occupants combined income was less than $52,560, while households of three, four or five would need to collectively make less than $59,100, $64,640 or $70,920, respectively.

The project has “historical significance, as it has been approved, funded, and planned in record time,” the application said.

“There will be one- and two-bedroom floor plans available, all equipped with a new refrigerator, stove, dishwasher, window shades and vinyl flooring,” the People’s Self-Help Housing application said. “There will also be mobility and sensory-accessible units available.”

Pismo Terrace’s amenities also include a community room, laundry facilities, a playground and bike racks.

“(People’s Self-Help Housing) will provide compassionate onsite property management and free supportive housing services to all who call Pismo Terrace home,” the application said.