Boise Cascade-alcoa
701 Fairgrounds Dr
Sacramento, Sacramento County, California 95817

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Funding Programs

Boise Cascade-alcoa was developed and operates with Federal housing financing. The property utilizes the Project Based Sec. 8 Federal housing program to make rent affordable to lower income tenants.

Section 8

Boise Cascade-alcoa has a project-based Section 8 contract. 52 of the 52 total units at the property receive Section 8 assistance. This means that 100% of the renter households in the property pay no more than 30% of their adjusted income for rent.

The current Section 8 contract was effective on January 01, 2016 and the contract expires on December 31, 2016. The Section 8 contract rent is 113.3% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $815.00 for One Bedroom and $1,026.00 for Two Bedroom.

28% of California properties and 26% of all properties across the country have Section 8 rental subsidies. See the Rent Subsidies section for more.

Overview

Boise Cascade-alcoa is an affordable apartment community located in Sacramento, California which is located in Sacramento County. The property is located in California's 6th Congressional District served by Representative Doris Matsui (D), Senator Kamala Harris (D) and Senator Dianne Feinstein (D).

Boise Cascade-alcoa is an apartment community containing 52 rental units. The property contains 78 bedrooms and based on typical apartment occupancy limits, Boise Cascade-alcoa is home to not more than 143 persons when fully occupied.

Rent Subsidies

Boise Cascade-alcoa provides rental subsidies to renters. The type of subsidy provided to apartment renters in Sacramento, CA by this property is Project Based Sec. 8.

This subsidy allows the renter to pay 30% of his or her income for rent while the subsidy pays the difference. To qualify, a renter must earn 50% or less of the Area Median Income.

There is a minimum rent payment of not less than $25 and as much as $50 for all subsidy recipients at this property. That means that even if a renter has zero income, they will still be required to pay rent. In recent years, there have been various legislative proposals to increase the Section 8 minimum rent but advocates make the valid point that minimum rents affect the poorest of the poor.

Unit Mix

Boise Cascade-alcoa contains a mix of 52 assisted one and two bedroom apartments for rent. There are 26 One Bedroom and 26 Two Bedroom apartments in this property. The unit mix is 50% One Bedroom and 50% Two Bedroom apartment rentals. The average bedroom size for Boise Cascade-alcoa is 1.5.

California's 6th

Congressional District

52

Total Units

52

Project Based Sec. 8 Units

113.3

% of Fair Market Rent

31-Dec-16

Project Based Sec. 8 Contract Expiration

One and Two

Unit Mix

1.5

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data