613 Stafford St, Folsom, CA 95630
Waiting List Forecast: Likely Long or Closed
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | - |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
Built between 1971 and 1974, Folsom Gardens Apartments is a 4-acre 95-unit residential housing development located in the heart of Folsom, California. The property features six two-story apartment buildings, two laundry rooms, a community center and is located near the neighborhood elementary school and central park. Mercy Housing acquired and rehabilitated the property in 1998.
Since Folsom Gardens I participates in the Section 8 Project-Based Rental Assistance program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $22,550 / year | $25,750 / year | $28,950 / year | $32,150 / year |
| 50% AMI for LIHTC Units | $37,550 / year | $42,900 / year | $48,250 / year | $53,600 / year |
| 50% AMI for PBRA Units | $37,550 / year | $42,900 / year | $48,250 / year | $53,600 / year |
| 80% AMI for PBRA Units | $60,050 / year | $68,600 / year | $77,200 / year | $85,750 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Folsom Gardens I have a waiting list?
Folsom Gardens I probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Folsom Gardens I?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Folsom Gardens I?
Folsom Gardens I is managed by Mercy Housing headquartered in Denver, Colorado.
In addition to Folsom Gardens I, how many other affordable housing properties (and units) are there in Folsom?
In addition to Folsom Gardens I, we list 24 other affordable properties in Folsom. Learn about these properties here. Our data research shows that there are a total of 804 affordable units in Folsom.
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