Phoenix Park II
4400 Shining Star Dr Ste A
Sacramento, Sacramento County, California 95823

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Funding Programs

Phoenix Park Ii 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 $1,270,333 with a 10 year value of $12,703,330. The property was placed in service in 2005. 180 of 182 units at Phoenix Park Ii 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

Phoenix Park Ii 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).

Phoenix Park Ii is an apartment community containing 182 rental units. This property serves all family types. The property contains 445 bedrooms and based on typical apartment occupancy limits, Phoenix Park Ii is home to not more than 880 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

Phoenix Park Ii contains a mix of 182 assisted one, two, three, and four bedroom apartments for rent. There are 19 One Bedroom, 90 Two Bedroom, 46 Three Bedroom, and 27 Four Bedroom apartments in this property. The unit mix is 10% One Bedroom, 49% Two Bedroom, 25% Three Bedroom, and 15% Four Bedroom apartment rentals. The average bedroom size for Phoenix Park Ii is 2.45.

California's 6th

Congressional District

182

Total Units

180

Tax Credit Units

One, Two, Three, and Four

Unit Mix

2.45

Average Bedroom Size

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