2796 Native Oak Dr., Chico, CA 95928
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 764 - 1,147 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Lava Ridge Apartments is a brand-new affordable housing apartment community offering 1, 2 and 3 bedroom apartment homes at affordable rents. This brand new gated community offers controlled access with security cameras, on-site parking, on-site laundry facilities, a community room with resident services, a seasonal pool, a kids pool and a tot-lot play area. Apartment amenities include energy efficient appliances, a dishwasher, fridge, stove/oven, HVAC, vinyl plank flooring and carpet in the bedrooms.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Lava Ridge Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 764ft2 | Call for Price† |
| Two Bedroom (2/2) | 1107ft2 | Call for Price† |
| Three Bedroom (3/2) | 1147ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $28,900 / year | $33,000 / year | $37,150 / year | $41,250 / year | $44,550 / year | $47,850 / year |
| 50% AMI for PBRA Units | $28,900 / year | $33,000 / year | $37,150 / year | $41,250 / year | $44,550 / year | $47,850 / year |
| 60% AMI for LIHTC Units | $34,680 / year | $39,600 / year | $44,580 / year | $49,500 / year | $53,460 / year | $57,420 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Lava Ridge Apartments have a waiting list?
Lava Ridge Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Lava Ridge Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Lava Ridge Apartments?
Lava Ridge Apartments is managed by Domus Management Company headquartered in Lodi, CA.
In addition to Lava Ridge Apartments, how many other affordable housing properties (and units) are there in Chico?
In addition to Lava Ridge Apartments, we list 66 other affordable properties in Chico. Learn about these properties here. Our data research shows that there are a total of 1939 affordable units in Chico.
When was the Lava Ridge Apartments listing last updated?
Lava Ridge Apartments listing on Affordable Housing Online was last updated on 08/08/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
1200 Park Avenue, Chico, California 95928
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Rufus W. Bailey says:
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