Luxe@Broadway BRAND NEW Affordable One Bedroom Apartments in Santa Monica

Luxe@Broadway is currently preleasing brand new affordable one bedroom apartments in downtown

Santa Monica, CA! The brand new one bedroom apartments have luxury features throughout including

granite counters, stainless steel appliances, European cabinetry, Elfa closet systems and hardwood-style

floors. Luxe@Broadway is located in the vibrant epicenter of downtown Santa Monica. Walk or Bike to

Santa Monica destinations including Third Street Promenade, Santa Monica Place, The Water Garden,

Sony, GOOGLE, MTV, Universal, Yahoo, Santa Monica College's, and St. John's Hospital. Drive less than a

half-mile to The 10 Freeway, and conveniently close to UCLA, Brentwood, Culver City and Famous Venice

and Malibu Beaches. For more information email This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call (310) 393-9330.

NMS Properties was recently featured in the May 2011 issue of the Professional Builder magazine. The

article focused on the affect that “renters by choice” have on the housing market and how the industry

is catering to their needs by offering a broader diversity of product types, square footage and amenities.

Jim Anderson, Chief Operating Officer, shared his thoughts on NMS’ investment in redeveloping the downtown

of Santa Monica and discussed the company’s latest project – Luxe@1548. “We tried to accomplish three

things with this project,” he says. “First, we emphasized air and light and space. Second, we wanted to

convey the experience of high finish and high style from the moment you enter the building. We want the

renter to understand that we’ve taken as much care in the process of designing these units as they would.

The third objective was to add to the streetscape of Santa Monica, which is known for its bold architecture.”

Luxe@1548 features bronzed and clear anodized aluminum accents and window frames that complement

a neutral, off-white exterior. The interiors offer sophisticated modern designs that dazzle the eyes with

beautiful stainless-steel kitchen appliances, granite counters, hardwood-styled floors and Berber carpet,

while the heart is captured by the breathtaking views of Santa Monica and the ocean.

Please click here to read a full version of the article.

What is the Section 8 Housing Program in Santa Monica?

The Section 8 Housing Program was established in order to assist lower income persons with finding secure,

decent, safe and sanitary housing. Assistance is provided to eligible households to be used towards renting

privately owned housing in the City of Santa Monica. Participants of the program pay approximately 30% of

their income towards rent and the Housing Authority pays the remainder of the rent. The program is intended

to assist low income families consisting of two or more people and single individuals who are disabled, handicapped

or over 62. For more information on the Section 8 Housing Program in the City of Santa Monica

visit http://www01.smgov.net/housing/section8.htm.

What are the requirements for renting an income- restricted apartment in Santa Monica?

Affordable Housing Apartments in Santa Monica

If you have looked at apartments in Santa Monica you may have come across apartment communities that

fall under the affordable housing guidelines. In order to rent apartments in these income-restricted

apartment buildings there are certain guidelines that must be met in order to rent one of these apartments.

The following terms must be met in order to rent an income-restricted apartment:

-Maximum allowable income is $59,800 (for one person) or $66,300 combines (for two people)

-You also must present the following documents

-2010 Tax Return/ W2 Form

-3 most recent pay stubs

-3 statements from all checking accounts (full statements)

-1 statement from all other accounts (ie. 401k, IRA, savings, etc.)

For more information on Santa Monica affordable housing guidelines you can visit the Santa Monica Housing

site at http://www01.smgov.net/housing/.

NMS Affordable Housing Buildings in Santa Monica:

DDC Recognized NMS for Building Affordable Apartments in Santa Monica, CA

Santa Monica apartments are featured in the LA Times

The Los Angeles Times wrote a great article about Olympic Studios, one of the many NMS Properties'

affordable apartments buildings in Santa Monica. You can read the whole article by visiting the LA Times article

on Olympic Studio Apartments. You can find more information about the amazing studio apartments and studio

loft apartments by visiting Olympic Studios and Olympic Studio Loft Apartments.

NMS Properties Wins "Best Affordable Housing Project of 2009" for Olympic Studio Apartments in Santa Monica, CA

MultiHousingNews.com has announced the winners of the prestigious 2009 Design Excellence Awards.

NMS Properties' Olympic Studios Apartments was named as the best "Affordable Housing project of 2009".

Olympic Studios and Lofts is an income-restricted Santa Monica apartment community that provides unique

studio loft apartments and studio flat apartments at reduced rents to those who fall within specific

income guidelines set by the City of Santa Monica, CA.

The studio apartments at Olympic Studios sets itself apart from other Santa Monica apartments and

affordable housing apartments because of its luxury details and finishes. In each apartment's kitchen, there

are stainless steel appliances and granite countertops. All loft apartments feature soaring 18' ceilings and

oversized windows that provide abundant natural sunlight.

"The 2009 Design Excellence Award winners illustrate the importance not only of exterior architecture, but

also of the design choices made by the development team when planning residences and common areas."

says MultiHousingNews.com. "Good design doesn't hinge on luxurious materials. However, value

engineering needs to be done thoughtfully and early in the game for effective results."

The Olympic Studios project was developed and is managed by NMS Properties. The apartment buildigns

were designed by local Santa Monica architects Killefer Flammang and constructed by Frymer Development.

You can view all the other 2009 winners by downloading the PDF from MultiHousingNews.com. Click here

to download.