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.
24hr Emergency Maintenance
Close to Dining
Close to Public Transportation
Close to Shopping
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.
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).
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.