About Grass Valley Senior Apartments

Grass Valley Senior Apartments is a 34 unit affordable housing community in Grass Valley, California. The community is located in the 1st Congressional District of California. Grass Valley Senior Apartments participates in the Low Income Housing Tax Credit, and Rural Development Rental Assistance programs.

Low Income Housing Tax Credit

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC, not have income limits and therefore may be set at levels higher than the LIHTC limits below.

Low Income Housing Tax Credit Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $25,550 $29,200 $32,850 $36,450 $39,400 $42,300 $45,200 $48,150
60% $30,660 $35,040 $39,420 $43,740 $47,280 $50,760 $54,240 $57,780

Rural Development Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 515 properties, insures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Managed By The CBM Group, Inc.