This is Below Maketa unit on the City of Monterey affordable Housing program. Appreciation is the cost-of-living index so the more you pay the more you make. Application on City website. Can not have owned in last 3 years and income must be below $81,000 single or $92,600 as a couple. Household shall either: 1) currently reside in the City of Monterey prior to application; 2) at least one member shall be employed by a business, agency, or institution in the City of Monterey and work in the City of Monterey, or be self-employed and operating a business located within the City of Monterey at the time of application; or 3) be a former five-year City of Monterey resident. One of the best complexes in Monterey! Indoor pool, laundry facility and movie theater for private gatherings. Right behind MPC City college which has many classes for personal interest plus all the sports facilities. EZ to get anywhere from here with Freeway access nearby.