Falcon Crest, developed in 2004, is close to recreation facilities, shopping and services. Centrally located, Falcon Crest is yet another premier affordable housing community in Palm Desert.
The community of Falcon Crest was developed by the former Palm Desert Redevelopment Agency (Housing Authority, as successor) in connection with the City of Palm Desert. There are 93 single-family homes that were made available to households of restricted income who made at least $40,000 annually. The three and four bedroom floor plans are perfect for the moderate income household that may currently be excluded from homeownership opportunities in Riverside County.
The project has incorporated energy efficient upgrades as well as drought tolerant front yard landscaping resulting in a conservation friendly desert environment. Falcon Crest has its own homeowners association that will maintain the front yards ensuring the community’s beauty for years to come.
Buyers in Falcon Crest have received assistance from both the City and the Authority in the form of silent second and third trust deeds. The principal will be deferred until such time as the home falls out of compliance, the primary first trust deed loan is paid off or the home is sold.
As a part of the Authority’s affordable portfolio, there are restrictions that have been placed on the homes to ensure affordability for 45 years and buyers must meet certain minimum qualifications.
There is a waiting list for people interested in acquiring a home at Falcon Crest. The homes are available to low and moderate income families. Prospective buyers are selected from a list according to income and whether their family size is appropriate for the available home.
For more information about Falcon Crest, the waiting list, and to find out if you qualify, please contact the Housing Authority at 346-0611, ext. 349. or download a Pre-Qualification Interest List Questionnaire and submit with the requested documents on the application to our office.