***SECTION 8 WELCOME***Matured landscape gated quiet community. Close to bus line, shopping, restaurants, and schools. On site laundry facility and BBQ/Picnic area. Please call site manager for more details.
24hr Emergency Maintenance
Close to Dining
Close to Public Transportation
Close to Shopping
Managed By FPI Management, Inc.
Clover Ridge was developed and operates with Federal housing financing.
The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.
Low Income Housing Tax Credit
The property was developed using the Low Income Housing Tax Credit Program.
This program incentivizes investors to inject capital into rental apartments for lower income Americans.
The property received a tax credit allocation in 1998 for $118,129 with a 10 year value of $1,181,290.
The property was placed in service in 1998.
96 of 96
units at Clover Ridge are low income and subject to the tax credit program.
The property, at the time of the tax credit allocation,
was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.
Clover Ridge 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).
Clover Ridge is an apartment community containing 96 rental units.
The property contains 152 bedrooms and based on typical apartment occupancy limits, Clover Ridge
is home to not more than 284† persons when fully occupied.
This property does not provide any Federal rent subsidies to renters
reducing total tenant payments to 30% of their adjusted income. Renters are required to
pay the full rent, even if it is in excess of 30% of their income. In some cases the
property may accept Section 8 Housing Choice vouchers.
Clover Ridge contains a mix of 96 assisted
one and two bedroom apartments for rent. There are 40 One Bedroom and 56 Two Bedroom apartments in this property. The unit mix is 42% One Bedroom and 58% Two Bedroom apartment rentals. The average bedroom size for Clover Ridge is 1.58.