Terracina Gold Apartments Village 1
4451 Gateway Park Blvd
Sacramento, Sacramento County, California 95834

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Funding Programs

Terracina Gold Apartments, Village 1 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 2001 for $316,469 with a 10 year value of $3,164,690. The property was placed in service in 2002. 93 of 120 units at Terracina Gold Apartments, Village 1 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.

Overview

Terracina Gold Apartments, Village 1 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).

Terracina Gold Apartments, Village 1 is an apartment community containing 93 rental units. This property serves all family types. The property contains 207 bedrooms and based on typical apartment occupancy limits, Terracina Gold Apartments, Village 1 is home to not more than 410 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

Terracina Gold Apartments, Village 1 contains a mix of 93 assisted one, two, and three bedroom apartments for rent. There are 8 One Bedroom, 56 Two Bedroom, and 29 Three Bedroom apartments in this property. The unit mix is 9% One Bedroom, 60% Two Bedroom, and 31% Three Bedroom apartment rentals. The average bedroom size for Terracina Gold Apartments, Village 1 is 1.73.

California's 6th

Congressional District

93

Total Units

93

Tax Credit Units

One, Two, and Three

Unit Mix

1.73

Average Bedroom Size

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