Westview Ranch 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 2006 for $877,300 with a 10 year value of $8,773,000.
The property was placed in service in 2007.
127 of 128
units at Westview Ranch are low income and subject to the tax credit program.
The property, at the time of the tax credit allocation,
was located in
a Difficult Development Area qualifying it for additional tax credit financing.
Westview Ranch 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).
Westview Ranch is an apartment community containing 128 rental units.
This property serves all family types. The property contains 264 bedrooms and based on typical apartment occupancy limits, Westview Ranch
is home to not more than 510† 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.
Westview Ranch contains a mix of 128 assisted
one, two, and three bedroom apartments for rent. There are 36 One Bedroom, 48 Two Bedroom, and 44 Three Bedroom apartments in this property. The unit mix is 28% One Bedroom, 38% Two Bedroom, and 34% Three Bedroom apartment rentals. The average bedroom size for Westview Ranch is 2.06.