Gloria Drive Apartments
7201-4 Gloria Dr
Sacramento, Sacramento County, California 95831

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Funding Programs

Gloria Drive Apartments 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

Gloria Drive Apartments has a project-based Section 8 contract. 32 of the 32 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 February 01, 2014 and the contract expires on January 31, 2019. The Section 8 contract rent is 91.7% 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

Gloria Drive Apartments 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).

Gloria Drive Apartments is an apartment community containing 32 rental units. The property contains 48 bedrooms and based on typical apartment occupancy limits, Gloria Drive Apartments is home to not more than 88 persons when fully occupied.

Rent Subsidies

Gloria Drive Apartments 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

Gloria Drive Apartments contains a mix of 32 assisted one and two bedroom apartments for rent. There are 16 One Bedroom and 16 Two Bedroom apartments in this property. The unit mix is 50% One Bedroom and 50% Two Bedroom apartment rentals. The average bedroom size for Gloria Drive Apartments is 1.5.

California's 6th

Congressional District

32

Total Units

32

Project Based Sec. 8 Units

91.7

% of Fair Market Rent

31-Jan-19

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