Sienna Vista shady Tree 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 1998 for $621,768 with a 10 year value of $6,217,680.
The property was placed in service in 1998.
295 of 296
units at Sienna Vista shady Tree 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.
Sienna Vista shady Tree 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).
Sienna Vista shady Tree is an apartment community containing 296 rental units.
The property contains 602 bedrooms and based on typical apartment occupancy limits, Sienna Vista shady Tree
is home to not more than 1179† persons when fully occupied.
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.
Sienna Vista shady Tree contains a mix of 296 assisted
one, two, and three bedroom apartments for rent. There are 50 One Bedroom, 186 Two Bedroom, and 60 Three Bedroom apartments in this property. The unit mix is 17% One Bedroom, 63% Two Bedroom, and 20% Three Bedroom apartment rentals. The average bedroom size for Sienna Vista shady Tree is 2.03.