Florin Meadows II
7301 29th Street
Sacramento, Sacramento County, California 95822

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Funding Programs

Florin Meadows Ii 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 Meadows Ii has a project-based Section 8 contract. 124 of the 124 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 June 01, 2011 and the contract expires on May 31, 2031. The Section 8 contract rent is 90.6% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $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 Meadows Ii 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 Meadows Ii is an apartment community containing 124 rental units. The property contains 296 bedrooms and based on typical apartment occupancy limits, Florin Meadows Ii is home to not more than 592 persons when fully occupied.

Rent Subsidies

Florin Meadows Ii 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 Meadows Ii contains a mix of 124 assisted two and three bedroom apartments for rent. There are 76 Two Bedroom and 48 Three Bedroom apartments in this property. The unit mix is 61% Two Bedroom and 39% Three Bedroom apartment rentals. The average bedroom size for Florin Meadows Ii is 2.39.

California's 6th

Congressional District

124

Total Units

124

Project Based Sec. 8 Units

90.6

% of Fair Market Rent

31-May-31

Project Based Sec. 8 Contract Expiration

Two and Three

Unit Mix

2.39

Average Bedroom Size

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