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Sierra Meadows Apartments

66 Longman Ln, Arnold, California 95223

Sierra Meadows Apartments, located at 66 Longman Ln in Arnold, CA has 0 and 0 bedroom apartments. Sierra Meadows Apartments participates in the Low-Income Housing Tax Credit (LIHTC), Section 521 USDA Rental Assistance and Section 515 Rural Rental Housing programs.

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - From $605
2 Bedroom (2/1) - From $660

Sierra Meadows Apartments Details

  • 35 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 521 USDA Rental Assistance
  • Section 515 Rural Rental Housing

Property Amenities

  • Playground
  • Laundry Room

Nearby Amenities

  • Near Schools
  • Near Walking/Riding Trail

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Arnold HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Arnold but actual income limits may differ for units at Sierra Meadows Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $16,900 $19,300 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% $28,150 $32,200 $36,200 $40,200 $43,450 $46,650 $49,850 $53,100
80% $45,050 $51,450 $57,900 $64,300 $69,450 $74,600 $79,750 $84,900

Arnold Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Arnold but actual income limits may differ for units at Sierra Meadows Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $28,150 $32,200 $36,200 $40,200 $43,450 $46,650 $49,850 $53,100
Low Income (60%) $33,780 $38,640 $43,440 $48,240 $52,140 $55,980 $59,820 $63,720

Sierra Meadows Apartments is managed by Tetra Property Management, Inc..