Florin Gardens Apartments Cooperative
6951 24th St
Sacramento, Sacramento County, California 95822

Call (855) 598-3283, enter extension 13089, then hit #.

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Funding Programs

Florin Gardens Apartments Cooperative 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

Florin Gardens Apartments Cooperative has a project-based Section 8 contract. 55 of the 72 total units at the property receive Section 8 assistance. This means that 76% 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 October 01, 2015 and the contract expires on September 30, 2016. The Section 8 contract rent is 80.6% 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, $1,026.00 for Two Bedroom, and $1,495.00 for Three 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

Florin Gardens Apartments Cooperative 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).

Florin Gardens Apartments Cooperative is an apartment community containing 55 rental units. The property contains 114 bedrooms and based on typical apartment occupancy limits, Florin Gardens Apartments Cooperative is home to not more than 225 persons when fully occupied.

Rent Subsidies

Florin Gardens Apartments Cooperative 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

Florin Gardens Apartments Cooperative contains a mix of 55 assisted one, two, and three bedroom apartments for rent. There are 6 One Bedroom, 39 Two Bedroom, and 10 Three Bedroom apartments in this property. The unit mix is 11% One Bedroom, 71% Two Bedroom, and 18% Three Bedroom apartment rentals. The average bedroom size for Florin Gardens Apartments Cooperative is 1.58.

California's 6th

Congressional District

55

Total Units

55

Project Based Sec. 8 Units

80.6

% of Fair Market Rent

30-Sep-16

Project Based Sec. 8 Contract Expiration

One, Two, and Three

Unit Mix

1.58

Average Bedroom Size

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