Monument Arms

261 E Alaska Ave, Fairfield, California 94533

Monument Arms Apts. is a newly renovated community with beautiful interiors and exteriors. We have affordable studios, 1, 2, 3, and 4 bedroom apartment homes. Monument Arms is conveniently located close to highways, schools, and shopping. 

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Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) - Call for Price
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price
Three Bedroom (3/1) - Call for Price
Four Bedroom (4/2) - Call for Price

Monument Arms Details

  • 92 studio, 1, 2, 3 and 4 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Nearby Amenities

  • Close to Shopping
  • Near Schools
  • Near Highway or Interstate

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

Fairfield 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 Fairfield but actual income limits may differ for units at Monument Arms.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $22,850 $26,100 $29,350 $32,600 $35,250 $37,850 $41,910 $46,630
50% $38,050 $43,450 $48,900 $54,300 $58,650 $63,000 $67,350 $71,700
80% $60,800 $69,450 $78,150 $86,800 $93,750 $100,700 $107,650 $114,600

Fairfield 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 Fairfield but actual income limits may differ for units at Monument Arms.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $38,050 $43,450 $48,900 $54,300 $58,650 $63,000 $67,350 $71,700
Low Income (60%) $45,660 $52,140 $58,680 $65,160 $70,380 $75,600 $80,820 $86,040

Monument Arms is managed by The John Stewart Company.

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