Terracina Meadows
4500 Tynebourne St
Sacramento, Sacramento County, California 95834

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Funding Programs

Terracina Meadows 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 $916,952 with a 10 year value of $9,169,520. The property was placed in service in 2003. 120 of 156 units at Terracina Meadows 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 Meadows 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 Meadows is an apartment community containing 121 rental units. This property serves all family types. The property contains 251 bedrooms and based on typical apartment occupancy limits, Terracina Meadows is home to not more than 487 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 Meadows contains a mix of 121 assisted one, two, and three bedroom apartments for rent. There are 30 One Bedroom, 52 Two Bedroom, and 39 Three Bedroom apartments in this property. The unit mix is 25% One Bedroom, 43% Two Bedroom, and 32% Three Bedroom apartment rentals. The average bedroom size for Terracina Meadows is 1.61.

California's 6th

Congressional District

121

Total Units

120

Tax Credit Units

One, Two, and Three

Unit Mix

1.61

Average Bedroom Size

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