Ridgeway Hotel
912 12th Street
Sacramento, Sacramento County, California 95814

Call (855) 598-3283, enter extension 13058, then hit #.

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Funding Programs

Ridgeway Hotel 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 1988 for $127,730 with a 10 year value of $1,277,300. The property was placed in service in 1988. 58 of 58 units at Ridgeway Hotel 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

Ridgeway Hotel 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

58

Tax Credit Units

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