Fremont News
1400 P St
Sacramento, Sacramento County, California 95814

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Funding Programs

Fremont News 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 2004 for $380,821 with a 10 year value of $3,808,210. The property was placed in service in 2005. 49 of 119 units at Fremont News are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was located in a Qualified Census Tract qualifying it for additional tax credit financing.

Overview

Fremont News 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).

Fremont News is an apartment community containing 50 rental units. This property serves all family types. The property contains 54 bedrooms and based on typical apartment occupancy limits, Fremont News is home to not more than 103 persons when fully occupied.

Rental Subsidies

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.

Unit Mix

Fremont News contains a mix of 50 assisted studio, one, and two bedroom apartments for rent. There are 9 Studio, 28 One Bedroom, and 13 Two Bedroom apartments in this property. The unit mix is 18% Studio, 56% One Bedroom, and 26% Two Bedroom apartment rentals. The average bedroom size for Fremont News is 0.45.

California's 6th

Congressional District

50

Total Units

49

Tax Credit Units

Studio, One, and Two

Unit Mix

0.45

Average Bedroom Size

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