St Francis Terrace Sacramento

About This Building

Affordable Housing Option at St Francis Terrace Sacramento Introduction: St Francis Terrace Sacramento offers a Low-Income Housing Tax Credit (LIHTC) apartment in Sacramento, CA. These rental apartments cater to individuals seeking affordable housing options and benefit from the LIHTC program's rent and income restrictions. Benefits of LIHTC: The LIHTC program incentivizes builders and developers to provide housing for low-income individuals. As a result, the maximum rent charged at St Francis Terrace is determined based on the Area Median Income (AMI). Considerations: Despite the LIHTC program, the AMI-based rent may still render this apartment unaffordable for low-income individuals. To ascertain the affordability, it is advisable to check the current rental rates provided by the housing complex. Availability and Waiting Lists: St Francis Terrace encompasses 48 low income apartments. In today's market, most apartments have waiting lists. However, we offer this listing to enable direct contact with the housing complex, allowing you to inquire about the availability and suitability of living here. Important Note: LIHTC Rental Units: When applying for this apartment, it is crucial to include and verify the income of all adults expected to reside there. To obtain more information and specific details, feel free to reach out and inquire further. Conclusion: St Francis Terrace Sacramento presents an opportunity for individuals in need of affordable housing through the LIHTC program. By understanding the program's intricacies and considering the AMI-based rent, you can assess the suitability of this option.