Grand Ave Villa
3740 May St
Sacramento, Sacramento County, California 95838

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Funding Programs

Grand Ave Villa 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

Grand Ave Villa has a project-based Section 8 contract. 18 of the 18 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 July 01, 2012 and the contract expires on June 30, 2017. The Section 8 contract rent is 82% 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

Grand Ave Villa 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).

Grand Ave Villa is an apartment community containing 18 rental units. The property contains 38 bedrooms and based on typical apartment occupancy limits, Grand Ave Villa is home to not more than 74 persons when fully occupied.

Rent Subsidies

Grand Ave Villa 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

Grand Ave Villa contains a mix of 18 assisted one, two, and three bedroom apartments for rent. There are 4 One Bedroom, 8 Two Bedroom, and 6 Three Bedroom apartments in this property. The unit mix is 22% One Bedroom, 44% Two Bedroom, and 33% Three Bedroom apartment rentals. The average bedroom size for Grand Ave Villa is 2.11.

California's 6th

Congressional District

18

Total Units

18

Project Based Sec. 8 Units

82

% of Fair Market Rent

30-Jun-17

Project Based Sec. 8 Contract Expiration

One, Two, and Three

Unit Mix

2.11

Average Bedroom Size

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