St. Francis Terrace
2525 L Street
Sacramento, Sacramento County, California 95816

Call (855) 598-3283, enter extension 13077, then hit #.

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Funding Programs

St. Francis Terrace 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 1992 for $603,247 with a 10 year value of $6,032,470. The property was placed in service in 1994. 48 of 48 units at St. Francis Terrace 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

St. Francis Terrace 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

48

Tax Credit Units

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