The Foundation

1297 Park Ave., Chico, CA 95928

Waiting List Forecast: Open Until Further Notice

check_circleVerified for 2023 by Connor Bailey, Lorena Bentley

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio - 3 Beds	1 Bath	476 - 920 Sq Ft

Waitlist Information

The Foundation Waiting List

The Housing Authority of the County of Butte (HACB) is accepting Section 8 Project Based Voucher waiting list applications for The Foundation Apartments from the earliest confirmed open date of December 8, 2023, until further notice.

This waiting list is for the following property:

The Foundation - located at 1297 Park Ave., Chico, CA 95928. Offering Studio, 1 and 2-bedroom units.

To apply while the waitlist is open, complete the online application.

Income limit information can be found here.

Preferences have not yet been confirmed.

Selected applicants will be placed on the waiting list by date and time the application is received, by order of preferences.

For more information, visit the HACB website.

Sources: This information was verified by the HACB website on December 8, 2023.

Go to the public housing authority page for this waiting list >>

The Foundation will be new affordable housing for working families, vulnerable seniors, and those with special needs at the corner of East 13th Street and Park Avenue in the City of Chico. The four-story residential building will feature common space that includes a community kitchen, a computer lab, and multipurpose rooms for onsite resident services. To promote healthy living and encourage interaction among residents, a central courtyard will feature outdoor barbecues, seating and recreation areas, a community garden, and a small pet park.

Dave's Thoughts On The Foundation

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 The Foundation 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

The Foundation Amenities

Elevator
BBQ and Picnic Area
Computer Lab
Community Room
Dishwasher
Microwave
Cable Ready
Window Coverings
Carpet
Refrigerator
Balconies or Patios Available
Energy Efficient Design
On-Site Social Services
Community Garden
Central Heat & Air
Stove
Laundry Facilities
Wireless Internet Access
Courtyard
Energy Efficient Appliances
Community Kitchen

Units at The Foundation

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	476ft²	Call for Price^†
One Bedroom (1/1)	647ft²	Call for Price^†
Two Bedroom (2/1)	885ft²	Call for Price^†
Three Bedroom (3/1)	920ft²	Call for Price^†

Income Qualification for The Foundation

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

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.

FAQs for The Foundation

Does The Foundation have a waiting list?

The Foundation has a waiting list. See above for waiting list details.

Are rents subsidized at The Foundation?

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 The Foundation?

The Foundation is managed by Domus Management Company headquartered in Lodi, CA.

In addition to The Foundation, how many other affordable housing properties (and units) are there in Chico?

In addition to The Foundation, we list 29 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 The Foundation listing last updated?

The Foundation listing on Affordable Housing Online was last updated on 12/08/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.