Olivewood Apartments
2805 La Quinta Drive
Sacramento, Sacramento County, California 95826

Call (855) 598-3283, enter extension 13111, then hit #.

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About The Property:

Nice affordable housing family community located in Sacramento. Close to light rail and freeway. Within walking distances to shopping, restaurants, schools, State University and park. On site laundry facility, pool and playground for kids. Please contact site manager for more details.

Unit Information

Unit Bed/Bath Rent
Two Bedroom 2/1 $-720
Three Bedroom 3/2 $-855
Four Bedroom 4/2 $-950

Property Amenities

  • Playground
  • Community Room
  • Pool
  • Laundry Room
  • 24hr Emergency Maintenance
  • Suburban Area

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Garbage Disposal
  • Cable Ready
  • Window Coverings
  • Carpet

Nearby Amenities

  • Close to Dining
  • Close to Public Transportation
  • Close to Shopping
  • Near Park
  • Near Schools
  • Near University

Pet Policy

No

Funding Programs

Olivewood Apartments 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 1996 for $170,202 with a 10 year value of $1,702,020. The property was placed in service in 1997. 68 of 68 units at Olivewood Apartments are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.

Overview

Olivewood 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).

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.

California's 6th

Congressional District

68

Tax Credit Units

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