Sandstone Apartments

1515 E. Jensen Ave, Fresno, California 93706

Sandstone Apartments, located at 1515 E. Jensen Ave in Fresno, has two, three and four bedroom apartments. Sandstone Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

Contact Sandstone Apartments

Message Sandstone Apartments

Units

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/2) - $583
Three Bedroom (3/2) - $747
Four Bedroom (4/2) - $841

Sandstone Apartments Details

  • 69 two, three and four bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Playground
  • Computer Lab
  • Clubhouse
  • On-Site Manager
  • Pool
  • Laundry Room
  • 24hr Emergency Maintenance

Unit Amenities

  • Handicapped Accessible
  • Dishwasher
  • Garbage Disposal
  • Cable Ready
  • Walk-in Closet(s)
  • Window Coverings
  • Patio, Deck Or Balcony

Nearby Amenities

  • Close to Dining
  • Close to Public Transportation
  • Close to Shopping

About Sandstone Apartments

Sandstone Apartments is an affordable housing community in Fresno, CA. Our amenities include a playground, a swimming pool, computer lab, clubhouse and an afterschool program. Please call our site manager for more details.

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.

Fresno 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 Fresno but actual income limits may differ for units at Sandstone Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $22,700 $25,950 $29,200 $32,400 $35,000 $37,600 $40,200 $42,800
Low Income (60%) $27,240 $31,140 $35,040 $38,880 $42,000 $45,120 $48,240 $51,360

Sandstone Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Sandstone Apartments is managed by FPI Management, Inc..

Image of Sandstone Apartments

Nearby Low Income Apartment Communities

Pleasant Village

3665 N Pleasant Avenue
Fresno, CA
Income Based-497
1-4 BR
Subsidized